Excess Stock – What Is It?
In most case excess stock is not unwanted stock it is most likely due to over ordering or bad stock management.
This means it may have a higher potential to sell faster through our network of buyers.
There are many reasons you may want to sell your excess stock. i.e. freeing up valuable storage space for new and better incoming stock. Or the products are just slow movers due to lack of demand. Also selling off excess stock quickly will save you money on storage fees and inject much need capital into your business.
This is also vital if your products have an impending Best by date (Also known as a used by date).
This could also be due to competitive flooding of the market and trend change especially if you have purchased a product that is going through a fad.