How to manage your surplus garment inventory?
Posted by valueshoppe on September 5th, 2016
In today’s dynamic times, fashion never stays the same. What was in-vogue just months before might be occupying the disinteresting part of the closet now. Fashion is ever-changing and in this age of disposable fashion one cannot be sure that every garment he manufactures will make it to the cash register.
To avoid such a situation one must pay attention to sales and inventory periodically. Every business needs to be upfront with the sales and manufacturing operations, in order to make better decisions about which product one has in stock and the ones that are less. Sometimes, when an item isn’t selling, the reason behind it might not the product itself, but may be linked to how the product is being marketed. So, one needs to streamline his marketing strategy as well from time to time to ensure that products aren’t suffering due to it.
Tackling the issue at hand
Even after taking precautions, issues of excess inventory can arise due to certain factors that are beyond our control. In garment business, a sudden change in fashion can wreck hell on it and a major portion of the manufactured garments can end up getting stocked in warehouses. Whatever the reason may be, there are many ways to handle surplus inventory, like one can export surplus garments or offer discounts to people who buy garments in bulk.
One can also send the surplus garment to charitable organizations, or sell them off to companies that buy garments in bulk, and export surplus garments to other countries. Another great way to manage surplus is to bundle up products together and sell them at a discounted price. Bundled deals often attract the buyers and they go for such deals as they are getting more value for their money. While the customer gets more value for his money, you get to move the stocked items from the inventory more quickly.
Leveraging an online marketplace for surplus stock
A much better and innovative way to manage surplus inventory is through channels that offer an online marketplace for both sellers and buyers of surplus products. Those that have surplus inventory and wish to export surplus garments can display their products online on such marketplaces, while those looking to buy garments in bulk can make purchases here.
Such online marketplaces are gaining popularity as they offer a common platform to exhibit all the surplus items at one place. These businesses function solely on such obsolete or surplus items that are finding it hard to reach the cash register. As the purchase and selling on these platforms is done in bulk, it offers a worthwhile option to manage surplus goods in one go. All a seller has to do is to contact the most relevant online platform which deals in the goods he wants to sell and then dispatch the surplus inventory to them.
Value Shoppe is one such marketplace that caters to surplus inventory and offers platform to both buyers and sellers for both wholesale and retail. Value Shoppe works in both online and stationed forms. Providing a hassle-free platform for transactions between buyers and sellers, Value Shoppe helps manage surplus inventory, ranging in footwear, accessories and apparels.
Having a lot of inventory is bad for business. The garments lying in the warehouse or in shop shelves can be actually eating up a lot of space. In addition to causing space problems, surplus stock can also be causing money issues. One can either throw them in garbage or better export surplus garments through a company that buys garments in bulk. For more details visit http://www.valueshoppe.co.in/Top Searches - Trending Searches - New Articles - Top Articles - Trending Articles - Featured Articles - Top Members
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