Turning Crates into Cash: Freeing Up Your Unwanted Inventory

November 7, 2008

Money. That is the bottom line meaning of all those dusty boxes on your warehouse shelves. Boxes and boxes of inventory that equal cash just sitting there waiting to fill your pockets. The question remains, how to move it?

Wireless Association founder, Piotr Babichenko, drops a few pearls of wisdom about the keys to turning your unwanted inventory into cash.

#1: Recount your inventory. If you don not know it is there, you cannot sell it.
#2: Invest in an inventory management system.
Wireless Association offers its 24/7, fully accessible Inventory Wizard as an ideal solution.
#3: Post your entire inventory with an online wholesale trading floor.
The Wireless Association Trading Floor gives you access to a global audience.
#4: Sell small quantites of high value phones through online auctions like E-Bay.
E-bay and other online auction sites can help move product on a smaller scale
and help you move those less popular items.
#5:    Recycle. Consider recycling your phones when precious metal stocks are up.

Why have your inventory sitting unproductively on shelves? Top 7 Business posted seven more tips including: Increasing demand forecasting accuracy,iIncreasing manufacturing cycle efficiency, increasing supply chain turns, eliminating safey stock, reducing purchasing errors, eliminating delivery variance, and better training for purchasing personnel.

Stop sitting on old inventory that is doing nothing but getting older and losing value. Let Wireless Association help you increase your cash flow and reduce your carrying costs today.

Join us at wassociation.com

Posted By Russ · In Industry 

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