One easy way to increase safety, efficiency, and profitability in your warehouse is by getting rid of “dead” stock. Dead stock is the unwanted merchandise that’s been taking up room on your pallet rack for ages. Your warehouse could be storing dead stock for a variety of reasons: your employees may not take the time to clean house often enough, or someone there may think dead stock is going to become useful one day.
The truth is, dead stock will cost you a lot of money. There comes a time when storage costs are greater than the value of the item itself, especially when you consider having to maintain inventory records for dead stock. Your pallet rack space is much better utilized with new inventory that has a chance of being sold quickly.
Make sure that your warehouse has a policy for identifying and getting rid of dead stock. For more information about effective pallet rack systems that will help you keep track of inventory and dead stock, call Ace Industrial Equipment today.