How to Manage Stock Obsolescence: A Simple Guide

Stock obsolescence happens when items in your inventory become too old or outdated to sell. This is a big problem for businesses because it wastes money and space . In this guide, we will explain what stock obsolescence is , why it happens, and how to fix it. We will also share real-life examples and tools to help you manage it better.

Why Use Perpetual Inventory System

the use of a perpetual inventory system has become increasingly prevalent among retail, manufacturing, and distribution sectors. This primarily driven by the need to balance inventory levels with customer demand efficiently.