{"id":13495,"date":"2023-06-08T11:52:13","date_gmt":"2023-06-08T11:52:13","guid":{"rendered":"https:\/\/breadstack.com\/?p=13495"},"modified":"2024-02-24T00:57:48","modified_gmt":"2024-02-24T00:57:48","slug":"dead-stock","status":"publish","type":"post","link":"https:\/\/breadstack.com\/insights\/e-commerce\/dead-stock\/","title":{"rendered":"What is Dead Stock?"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"13495\" class=\"elementor elementor-13495\" data-elementor-post-type=\"post\">\n\t\t\t\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-ee97b6d elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"ee97b6d\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-f499dff\" data-id=\"f499dff\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-c10f074 elementor-widget elementor-widget-text-editor\" data-id=\"c10f074\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>If you are already working within or planning to enter the ecommerce space, it&#8217;s crucial to be aware of one of the most significant obstacles you may encounter: dead stock.<\/p><p><!-- wp:paragraph --><\/p><p>If you haven&#8217;t already guessed it, today, we&#8217;re dishing out all you need to know about dead stock, its potential causes and what you can do with it.<\/p><p><!-- \/wp:paragraph --> <!-- wp:paragraph --><\/p><p>There&#8217;s no time to waste when you&#8217;re trying to transform your dead stock into a business that is alive and well, so let&#8217;s get started!<!-- \/wp:paragraph --><\/p><ul><li><a href=\"#second-heading\">What is dead stock?<\/a><\/li><li><a href=\"#third-heading\">What causes dead stock?<\/a><\/li><li><a href=\"#fourth-heading\">Why is dead stock bad for your business?<\/a><\/li><li><a href=\"#fifth-heading\">Dead stock removal &#8211; How do you manage it dead stock?<\/a><\/li><li><a href=\"#sixth-heading\">Get rid of dead weight by eliminating your dead stock<\/a><\/li><\/ul>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-e23ca08 elementor-widget elementor-widget-image\" data-id=\"e23ca08\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img decoding=\"async\" width=\"640\" height=\"427\" src=\"https:\/\/breadstack.com\/wp-content\/uploads\/2023\/06\/What-is-dead-stock.jpg\" class=\"attachment-large size-large wp-image-13498\" alt=\"What is dead stock\" loading=\"lazy\" srcset=\"https:\/\/breadstack.com\/wp-content\/uploads\/2023\/06\/What-is-dead-stock.jpg 1000w, https:\/\/breadstack.com\/wp-content\/uploads\/2023\/06\/What-is-dead-stock-300x200.jpg 300w, https:\/\/breadstack.com\/wp-content\/uploads\/2023\/06\/What-is-dead-stock-768x512.jpg 768w\" sizes=\"(max-width: 640px) 100vw, 640px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-01d92bf elementor-widget elementor-widget-menu-anchor\" data-id=\"01d92bf\" data-element_type=\"widget\" data-widget_type=\"menu-anchor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div id=\"second-heading\" class=\"elementor-menu-anchor\"><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-6a0fad6 elementor-widget elementor-widget-heading\" data-id=\"6a0fad6\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-large\">What is dead stock? <\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-cb57415 elementor-widget elementor-widget-text-editor\" data-id=\"cb57415\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>In retail and ecommerce, dead stock refers to <strong>the inventory that <em>doesn\u2019t<\/em>\u00a0sell<\/strong>, with a lower to minimal likelihood of selling in the future.<\/p><p>Essentially, manufacturers could use the term dead stock to describe a wide range of scenarios. Most commonly, though, it consists of inventory that has experienced lower demand for an\u00a0<a href=\"https:\/\/core.ac.uk\/download\/pdf\/186747444.pdf\" target=\"_blank\" rel=\"noreferrer noopener\">extended period<\/a>\u00a0and thus is not selling, and likely will not sell, independently. In this way, the product life cycle is getting\u00a0<a href=\"https:\/\/link.springer.com\/content\/pdf\/10.1007\/1-4020-4350-3_2.pdf\" target=\"_blank\" rel=\"noreferrer noopener\">increasingly shorter<\/a>.<\/p><p>Deadstock typically comprises new old stock, meaning that it is in prime, new condition but never sold, causing it to be \u201cdead.\u201d\u00a0 So, it isn\u2019t faulty, and <strong>there isn\u2019t necessarily anything\u00a0<em>wrong<\/em>\u00a0with it, but it just isn\u2019t selling<\/strong>.<\/p><p>So, this dead stock will remain in a warehouse, storage room or whatever facility it is kept in, taking up valuable space that could be occupied by other, more popular, revenue-generating products.<\/p><p>Typically, an influx in deadstock should trigger a motivation to implement new inventory management strategies to help clear this excess stock and prevent it from becoming a recurring issue.<\/p><p>A primary example of deadstock would be New Year\u2019s merchandise. Namely, unless the world were to enter a weird Ground Hog Day type time-loop, you could only sell products for New Year\u2019s Eve celebrations for any given year one time.<\/p><p>In this case, once January 2nd comes around, all of those items become dead stock instantaneously.<\/p><p>New Year\u2019s is an extreme example because there are no actual alterations to make it applicable for the following year, unlike Christmas or Halloween decorations, which you can store and use again.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-20f3277 elementor-widget elementor-widget-menu-anchor\" data-id=\"20f3277\" data-element_type=\"widget\" data-widget_type=\"menu-anchor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div id=\"third-heading\" class=\"elementor-menu-anchor\"><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-c8e2d25 elementor-widget elementor-widget-heading\" data-id=\"c8e2d25\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-large\">What causes dead Stock?<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-053ae51 elementor-widget elementor-widget-text-editor\" data-id=\"053ae51\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>There is no one reason for deadstock generation. <strong>It can happen due to a broad spectrum of internal or external factors<\/strong>, such as the seasonal example we provided above.<\/p><p>Additionally, it can sometimes come down to just plain bad luck or higher expectations that, unfortunately, yielded lower-than-expected results.<\/p><p>That said, some consistent themes do arise that could serve as some of the most commonly seen culprits for dead stock.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-495f63d elementor-widget elementor-widget-heading\" data-id=\"495f63d\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h3 class=\"elementor-heading-title elementor-size-medium\">Ordering inconsistencies<\/h3>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-1979f4d elementor-widget elementor-widget-text-editor\" data-id=\"1979f4d\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>Ordering inconsistencies are what they sound like, orders that are inconsistent.\u00a0<\/p><p>Ordering inconsistencies can happen when you order too much of something once or place an order at an inopportune time.\u00a0<\/p><p>One of the most common outcomes of these decisions is overstocking, which, in turn, leads to a higher likelihood of accumulating dead stock.<\/p><p>In instances like these, it\u2019s crucial to understand simple business calculations such as<a href=\"https:\/\/www.sciencedirect.com\/science\/article\/pii\/S0377221797000696\">\u00a0<\/a><\/p><ul><li><a href=\"https:\/\/www.sciencedirect.com\/science\/article\/pii\/S0377221797000696\" target=\"_blank\" rel=\"noreferrer noopener\">Reorder point<\/a>,<a href=\"https:\/\/www.sciencedirect.com\/science\/article\/pii\/S037722171300132X?casa_token=amyWMZj-6kkAAAAA:DZmeY-DGRM3BZ0UniFSse2bqSwyF6THeMdh_7xhFUCtmUxwT3zj93xEgZVDG3jn9InI0WX3MaQ\">\u00a0<\/a><\/li><li><a href=\"https:\/\/www.sciencedirect.com\/science\/article\/pii\/S037722171300132X?casa_token=amyWMZj-6kkAAAAA:DZmeY-DGRM3BZ0UniFSse2bqSwyF6THeMdh_7xhFUCtmUxwT3zj93xEgZVDG3jn9InI0WX3MaQ\" target=\"_blank\" rel=\"noreferrer noopener\">Economic order quantity<\/a>\u00a0(EOQ),\u00a0<\/li><li><a href=\"https:\/\/pubsonline.informs.org\/doi\/abs\/10.1287\/mnsc.1040.0298\" target=\"_blank\" rel=\"noreferrer noopener\">Inventory turnover ratio<\/a>\u00a0<\/li><\/ul><p>to manage and generate a better schedule for ordering inventory.<\/p><p>It\u2019s also <strong>essential to remain up to date with various\u00a0ecommerce shipping\u00a0cycles<\/strong> to gain further insight into current demands instead of relying on inaccurate data when placing orders.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-541a18e elementor-widget elementor-widget-heading\" data-id=\"541a18e\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h3 class=\"elementor-heading-title elementor-size-medium\">Poor sales<\/h3>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-ecfa3ea elementor-widget elementor-widget-text-editor\" data-id=\"ecfa3ea\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>There are several reasons why your ecommerce business is experiencing a dip or loss in sales.<\/p><p>Examples may include your <strong>customers choosing not to purchase your product due to influencing factors such as price, finding it obsolete or outdated, or acquiring better offers<\/strong> from your competitors, such as free or same-day shipping.<\/p><p>Regardless of the reason, if you notice that your store or company is having trouble getting products off the shelves or having excess inventory, you could miss out on sales due to competitors offering a better opportunity.\u00a0<\/p><p>If this turns out to be the case, it\u2019s time to reevaluate your selling strategy and develop plausible and actionable solutions to get rid of this dead stock.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-f54cb34 elementor-widget elementor-widget-heading\" data-id=\"f54cb34\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h3 class=\"elementor-heading-title elementor-size-medium\">Defective products<\/h3>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-818e070 elementor-widget elementor-widget-text-editor\" data-id=\"818e070\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>We mentioned earlier in this article that most dead stock items aren\u2019t necessarily faulty. However, sometimes they are, which is when things become complicated.<\/p><p><strong>Selling at a lower standard or retailing genuinely defective<\/strong> <strong>items<\/strong> will deter customers from purchasing your products.\u00a0<\/p><p>This is particularly true if these items are of lower quality while also not meeting the necessary industry standards, such as packaging requirements, product specifications, and the\u00a0<a href=\"https:\/\/qualityinspection.org\/what-is-the-aql\/\" target=\"_blank\" rel=\"noreferrer noopener\">accepted quality limits<\/a>\u00a0(AQL).<\/p><p>It won\u2019t come as much of a surprise that tainted products will likely end up as dead stock on your storage shelves or in your warehouse.\u00a0<\/p><p>After all, would you want to be an item or product that\u2019s defective? Probably not. So, it\u2019s not realistic to expect that your customers would, either.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-d97963e elementor-widget elementor-widget-image\" data-id=\"d97963e\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img decoding=\"async\" width=\"640\" height=\"427\" src=\"https:\/\/breadstack.com\/wp-content\/uploads\/2023\/06\/what-to-do-with-dead-stock.jpg\" class=\"attachment-large size-large wp-image-13499\" alt=\"what to do with dead stock\" loading=\"lazy\" srcset=\"https:\/\/breadstack.com\/wp-content\/uploads\/2023\/06\/what-to-do-with-dead-stock.jpg 1000w, https:\/\/breadstack.com\/wp-content\/uploads\/2023\/06\/what-to-do-with-dead-stock-300x200.jpg 300w, https:\/\/breadstack.com\/wp-content\/uploads\/2023\/06\/what-to-do-with-dead-stock-768x512.jpg 768w\" sizes=\"(max-width: 640px) 100vw, 640px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-77e8ce7 elementor-widget elementor-widget-menu-anchor\" data-id=\"77e8ce7\" data-element_type=\"widget\" data-widget_type=\"menu-anchor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div id=\"fourth-heading\" class=\"elementor-menu-anchor\"><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-0b1a919 elementor-widget elementor-widget-heading\" data-id=\"0b1a919\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-large\">Why is dead stock bad for your business?<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-1f89d3a elementor-widget elementor-widget-text-editor\" data-id=\"1f89d3a\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>As we said, the primary objective of operating a business is to, of course, generate as much revenue as possible and ensure a healthy cycle of selling and restocking.<\/p><p>For ecommerce retailers, inventory that doesn\u2019t sell will sit in a warehouse or storeroom, thereby <strong>taking up space that more sellable, profit-making items could otherwise occupy<\/strong>.\u00a0<\/p><p>With this in mind, we\u2019ll briefly describe examples of how dead stock could be detrimental to your business.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-9fec0ea elementor-widget elementor-widget-heading\" data-id=\"9fec0ea\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h3 class=\"elementor-heading-title elementor-size-medium\">Opportunity cost<\/h3>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-8dd3e0e elementor-widget elementor-widget-text-editor\" data-id=\"8dd3e0e\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>As we\u2019ve mentioned previously, excess inventory in the form of dead stock occupies valuable space that could otherwise be filled by fast-selling and more profitable products.\u00a0<\/p><p>So, not only are you missing out on the potential opportunities to generate revenue, but you\u2019re also <strong>decreasing your chance of breaking even<\/strong> by having to pay to store items that will likely not sell independently.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-7e14f66 elementor-widget elementor-widget-heading\" data-id=\"7e14f66\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h3 class=\"elementor-heading-title elementor-size-medium\">Labour cost<\/h3>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-8e16d45 elementor-widget elementor-widget-text-editor\" data-id=\"8e16d45\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>If your dead stock continues to accumulate within your various warehouse or storage facilities, mainly if you use third-party retailers to store your product, the maintenance and management costs for this <strong>excess inventory will continue to increase<\/strong> to the point where it costs more to store these items than they\u2019re actually worth.<\/p><p>In turn, you may have no other option than to hire more workers, therefore paying more money for wages, which serves to minimize rather than improve your bottom line.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-8f2ca9c elementor-widget elementor-widget-heading\" data-id=\"8f2ca9c\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h3 class=\"elementor-heading-title elementor-size-medium\">Overall loss of money\n<\/h3>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-547338e elementor-widget elementor-widget-text-editor\" data-id=\"547338e\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>There\u2019s no sugar-coating it: <strong>dead stock can get expensive!<\/strong> Think of it this way. You\u2019ve already invested money in buying, shipping and stocking this now non-selling inventory.\u00a0<\/p><p>The longer it sits there without moving, the more your initial investment will continue to dwindle.<\/p><p>In other words, you\u2019re losing the\u00a0<a href=\"https:\/\/pubsonline.informs.org\/doi\/abs\/10.1287\/opre.51.3.343.14953\" target=\"_blank\" rel=\"noreferrer noopener\">total landed cost<\/a>\u00a0for each of the units. Total landed cost consists of all of the expenses associated with any given product, from the time it\u2019s made to the\u00a0dunnage\u00a0that ensures its safe passage to the last-mile delivery and the moment it arrives in customers\u2019 hands.\u00a0<\/p><p>So, it\u2019s in your best interest to try and implement management solutions to at least attempt to get rid of it somehow to make space for more profitable, better-selling stock.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-3ad332e elementor-widget elementor-widget-menu-anchor\" data-id=\"3ad332e\" data-element_type=\"widget\" data-widget_type=\"menu-anchor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div id=\"fifth-heading\" class=\"elementor-menu-anchor\"><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-6265748 elementor-widget elementor-widget-heading\" data-id=\"6265748\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-large\">Dead stock removal \u2013 How do you manage dead stock?<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-ce81cc4 elementor-widget elementor-widget-text-editor\" data-id=\"ce81cc4\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>If you find yourself in a situation where you need to offload some excess inventory, don\u2019t worry! It\u2019s not all over yet.\u00a0<\/p><p>You can implement several dead stock management strategies to help free up storage and recover at least a portion of your initial product investment.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-aac6686 elementor-widget elementor-widget-heading\" data-id=\"aac6686\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h3 class=\"elementor-heading-title elementor-size-medium\">Clearance sales<\/h3>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-35e5179 elementor-widget elementor-widget-text-editor\" data-id=\"35e5179\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>Who doesn\u2019t love a good bargain?\u00a0<\/p><p>For many, the joy of shopping is to save money and check out the best deals to ensure that you are getting the most bang for your buck.<\/p><p><strong>Hosting a clearance sale is one of the best methods<\/strong> for enticing the penny-pinching market by providing discounts that make your customers happy while helping regenerate some of the cash flow you lost from this dead stock, which, in turn, will make\u00a0<em>you\u00a0<\/em>happy as well.\u00a0<\/p><p>It might even attract a new pool of customers that will appreciate your lower price point for particular items.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-d58d983 elementor-widget elementor-widget-heading\" data-id=\"d58d983\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h3 class=\"elementor-heading-title elementor-size-medium\">Bundle it<\/h3>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-f0b62cf elementor-widget elementor-widget-text-editor\" data-id=\"f0b62cf\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p><strong>Bundling is another fantastic example of how to gain back some of the money<\/strong> from items that haven\u2019t successfully sold on their own.<\/p><p>With this strategy, you can pair these less successful products with more relevant, top-selling items and offer customers the opportunity to purchase both at a discounted price that would cost them less than if they were to buy each item separately.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-3c21ff6 elementor-widget elementor-widget-heading\" data-id=\"3c21ff6\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h3 class=\"elementor-heading-title elementor-size-medium\">Gift with purchase<\/h3>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-1dbb9f9 elementor-widget elementor-widget-text-editor\" data-id=\"1dbb9f9\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>Along the same line as customers loving bargain products, you can never go wrong with offering something for free!<\/p><p>While this may not be the most effective for getting a return on your initial investment, <strong>offering your dead stock as giveaways, incentives or as a\u00a0customer loyalty program\u00a0gift<\/strong> with purchase is an excellent way to free up room for more popular inventory.\u00a0<\/p><p>A gift with purchase, in particular, is a beneficial approach to encourage customers to buy other, more appealing items to receive a free gift by spending up to a certain amount, for example, $50 or $100.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-37a2285 elementor-widget elementor-widget-image\" data-id=\"37a2285\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img decoding=\"async\" width=\"640\" height=\"427\" src=\"https:\/\/breadstack.com\/wp-content\/uploads\/2023\/06\/Eliminating-dead-stock.jpg\" class=\"attachment-large size-large wp-image-13500\" alt=\"Eliminating dead stock\" loading=\"lazy\" srcset=\"https:\/\/breadstack.com\/wp-content\/uploads\/2023\/06\/Eliminating-dead-stock.jpg 1000w, https:\/\/breadstack.com\/wp-content\/uploads\/2023\/06\/Eliminating-dead-stock-300x200.jpg 300w, https:\/\/breadstack.com\/wp-content\/uploads\/2023\/06\/Eliminating-dead-stock-768x512.jpg 768w\" sizes=\"(max-width: 640px) 100vw, 640px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-dfbd99d elementor-widget elementor-widget-menu-anchor\" data-id=\"dfbd99d\" data-element_type=\"widget\" data-widget_type=\"menu-anchor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div id=\"sixth-heading\" class=\"elementor-menu-anchor\"><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-d41fca5 elementor-widget elementor-widget-heading\" data-id=\"d41fca5\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-large\">Get rid of dead weight by eliminating your dead stock<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-cb2dede elementor-widget elementor-widget-text-editor\" data-id=\"cb2dede\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>Dead stock is an unpleasant reality that many businesses will face at least once. However, there are strategies to help negate the potential for it to become a recurring issue.<\/p><p>Conducting appropriate market research and <strong>ensuring that you understand simple business calculations are crucial<\/strong> for ensuring that you are purchasing popular and more likely to sell products.\u00a0<\/p><p>It also helps make your orders remain consistent, well-informed and allows you to avoid overstocking.<\/p><p>Suppose you are faced with the scenario of having excess inventory. In that case, there are actionable solutions you can take to rectify the issue and hopefully regain some of your investment back, including clearance sales, bundling and offering gifts with purchases.<\/p><p>Additionally, one of the most effective methods for ensuring that your stock is on par with market trends is to implement inventory management software that helps you generate reports concerning what items are top-sellers and which you should reorder.<\/p><p>Finally, even if you think a product will be incredibly successful, <strong>it\u2019s best to order a smaller amount and test it out before investing too heavily and losing money<\/strong>.<\/p><p>After all, you\u2019re better safe than sorry!<\/p><p>Want more shipping advice? Want to make every delivery a stress-free one? Sign up and let CanFleet help you deliver today!<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>If you are already working within or planning to enter the ecommerce space, it&#8217;s crucial to be aware of one of the most significant obstacles you may encounter: dead stock. If you haven&#8217;t already guessed it, today, we&#8217;re dishing out all you need to know about dead stock, its potential causes and what you can [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":13507,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[32],"tags":[58],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v20.5) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>What is Dead Stock? | Breadstack Dispensary eCommerce Software<\/title>\n<meta name=\"description\" content=\"It\u2019s crucial to be aware of one of the most significant obstacles you may encounter: dead stock. 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