You're facing excess inventory. When is the best time to liquidate for maximum profit?
Handling excess inventory can be quite the conundrum. You've invested in these products, but now they're taking up space and potentially tying up capital that could be used more efficiently elsewhere. The key to maximizing profit in such situations is identifying the optimal time to liquidate. This involves a strategic approach to inventory management, considering market trends, product life cycles, and the balance between recovering costs and freeing up resources. The goal is to turn this surplus into an opportunity rather than a setback, ensuring your business remains agile and financially healthy.