3 Ways to Strategically Boost Profits and Minimize Loss from Near-to-Expiry Products

Whether you are handling FMCG products, electronics or fashion products, dealing with damaged, expired, or unsellable products is inevitable. The inventory losses due to operational inefficiencies can cost a significant financial burden, straining both the brands and distributors' relationship.??

But what if there was a way you could recover some of that value, streamline your operations, and build stronger relationships with suppliers??

Read along this blog to learn 3 ways you can transform the way you manage unsellable goods, strategically boost sales of near-to-expiry products, thus minimizing loss.?

The Challenge: Losses in Distribution?

As a distributor, you're always facing a variety of risks that could lead to unsellable inventory—damaged goods during transit, expired products sitting too long in storage, or even items that didn’t sell due to market conditions or are near to expiry. As a company, handling these situations is crucial as you do not want your customers to get their hands on damaged or expired products.??

Additionally, selling expired products can have far-reaching negative consequences, including damage to brand reputation and the possibility of regulatory penalties. Beyond that, the return process often leads to increased costs for transportation, restocking, and handling.?

Managing inventory efficiently requires striking a balance between maintaining stock levels and ensuring products don’t reach their expiration date on the shelf.??

The good news is that modern DMS solutions offer advanced tools to tackle these challenges head-on. From boosting sales of near-to-expiry products to ensuring compliance with shelf-life regulations, here’s how your DMS can be a game changer in minimizing losses and optimizing operations.?

3 Ways Your DMS Can Help You Streamline Operations & Minimize Loss?

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