Tell me do you perform root-cause analyses on excess and obsolete stock and know how they are linked to action plans that curb more excesses from being created?
Submitted by: Muhammad
Companies with efficient inventory management create two task forces with linked action plans. The first task force identifies the root causes and determines ways to reduce the creation of new excess and obsolete stock. The second focuses on ways to sell off the stock more effectively. It provides the sales team with a list of top excess or obsolete products to push to ensure that they're discounting specified excess products.
Submitted by: Muhammad
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