Dead Stock is that stock in your inventory which is unutilized for an extensive time span. It is usually figured out by multiplying the amount of dead stock with the present cost. On the off chance that aggregate utilization is zero, they are named to be no moving stock rather than the dead stock. The out of date stock or obsolete stock which you can’t utilize further is called as Dead stock.

Usually dead stock is confused with slow moving stock but there is a plethora of difference between the two. As per Stechies.com the slow moving things are those materials which have a lesser consumption or not in the slightest degree over a significant time span. The total amount of utilisation will be the aggregate of planned and unplanned utilization. It will be a great thing to discover the stocks that are slow moving and dead as it can help you figure out which of these stocks are required and in case they are not required, you can simply expel them.

Here are three ways to deal with the dead stock in the inventory:

• Create a Package out of it

Create a bundle or a package from using all of your dead stock and adding in more of the products that are currently available and in demand and then sell these as a package at a discounted price. You will be able to transport a high volume of things rapidly and out of your warehouse in no time. Without a doubt, your overall revenues may get hammered, yet it is a smarter plan to auction as much as you can and that too at the rate you will have the capacity to recover the cost.

Or then again you could utilize your dead inventory as giveaways as everybody enjoys free things, and then you are urging them to shell out more case in order to qualify for the offer. Even if you are offering something that has a value for money people would still be more interested to get something like a free gift and it will make them spend money.

• Return it to your provider

Even after all of your attempts to sell out your dead stock at a discounted price don’t work, do not worry. The best alternative at that point is that you can offer it back to your provider from whom you got these stocks. On the off chance that they are as yet present and there is sufficient room in the return policy, you might have the capacity to persuade your provider into reclaiming the items which are moving slow. Be that as it may, do set yourself up for the possibility of making a little misfortune on returning dead stock to your provider as probably they will offer you the credit rather than money.

• Give it away

This choice is somewhat more region specific as compared to the others. Be that as it may, in case you are an apparel retailer and you have quite recently discovered a container of dead stock from some overlooked side of your stockroom, surely the possibility of pitching it to your clients is remote, no matter how new the clothes are. As per Stechies.com, it appears to be inefficient to discard everything so the only option that you are left with is giving or donating these items away.