Some things to consider for obsolete MRO Inventory: - Ensure a standard is in place to define what is Truly Obsolete - I prefer this to include usage, criticality and if tied to an asset as a spare part - This should be aligned across stakeholders and key SMEs to prevent potential downtime due to lack of spares - Once defined make it simple to access the data and report out - this helps later with KPIs as well - Create a standard process to review including experienced SMEs from operations - Create a standard disposal process - This should include seeing first of can be used somewhere across the company vs buying new, then checking with key suppliers if can be restocked or purchased back, then to external market to sale and lastly to scrap

As an inventory manager you can circulate a weekly report informing the sales department ,if these are raw materials they can deliberately come up with a promotion on products that uses those obsolete materials by so doing you can run down all the obsolete in your warehouse

The first thing is to determine the criteria by which those items have been classified as obsolete, and how they became obsolete over a period of time without being used. Following the above, we need to identify the way of disposal by selecting other markets, creating a trend or a promotion for it, remanufacturing and the last decision is scrapping to reduce the cost of warehousing and handling.

Start by assessing the items you have and identifying any potential uses that align with current market trends. For example, consider re-manufacturing or refurbishing products to meet updated standards or consumer preferences. You could also bundle obsolete items into new product offerings or promotional kits, creating value through creative marketing. Another innovative approach is to collaborate with local artists or businesses to transform old inventory into unique art pieces or functional products. Finally, explore online platforms to sell surplus inventory as "vintage" or "retro" items, appealing to niche markets that appreciate the charm of older goods.