Closeouts and Obsolete Inventory
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What Is Obsolete Inventory?
Regardless of whether you’re a retailer, wholesaler, manufacturer, or even a 3PL Warehouse, the idea of constantly turning the product you have ‘in-stock’ is vital to your business. Simply put, inventory that is not turning [selling] as quickly or successfully as you had intended for, is money lost for your business. The industry refers to this as “Slow Moving Inventory” and it is the infancy, or first, stage of “Obsolete Inventory” or “Excess Inventory”.
Nearly all products go through the same phases, which we call “The Product Lifecycle”, and can be summarized as the inception, introduction, growth, maturity, and decline of a product. Once a product hits its maturity phase, it’s typically already in the “Slow Moving” phase and discounted in the retail, wholesale, and manufacturing space. When a product is in-or-past the decline phase, it’s no longer selling or useful, and is clearly “Excess” or “Obsolete” [and often unknowingly to you, costing you money to continue to hold].
It should be noted that having overstock is sometimes inevitable and could arise from a variety of factors. Having excess inventory is not a measure of your competency or business.
What We offer you
With nearly 40 years of experience in the liquidation industry, we offer you a turnkey solution for all your overstock, obsolete, and excess inventory needs. WeBuyExcess can quickly evaluate and resolve your overstock situation within the blink of an eye.
Why Choose We Buy Excess
Our experience is unrivaled. Our understanding of retail, wholesale, manufacturing, and warehousing is second-to-none. Our process is easy, without-stress, and quick. Our pick-up process is fast, but our payment process is even faster. We have warehouses, staff, and trucks across the entire continental United States, and the ability and expertise to handle any capacity of inventory.
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