How you can turn excess inventory into cash
The recent news of Funko, the popular vinyl figurine company, sending $30 million worth of its pop! vinyl inventory to landfill in an effort to address the overabundance in excess inventory and rising storage costs has been a concerning development. This issue of excess inventory and slow-moving stock is not unique to Funko, and it is a challenge that almost any business will face. Companies often end up with stock that is difficult to move, occupying precious warehouse and distribution space, and eventually depreciating in value.
As a business owner, you may have experienced this challenge firsthand, struggling with the dilemma of what to do with surplus inventory. It can be frustrating to see inventory gathering dust and occupying valuable space that could be better utilized for other products. Additionally, the cost of storing excess inventory can be a significant burden on any company's finances. Ultimately, the decision to dispose of excess stock can be a tough one, but in many cases, it is a necessary one.
As a business owner, you may have experienced this challenge firsthand, struggling with the dilemma of what to do with surplus inventory. It can be frustrating to see inventory gathering dust and occupying valuable space that could be better utilized for other products. Additionally, the cost of storing excess inventory can be a significant burden on any company's finances. Ultimately, the decision to dispose of excess stock can be a tough one, but in many cases, it is a necessary one.
However, sending inventory to landfill is never an ideal solution. It is not only environmentally damaging, but it also represents a financial loss for the company. Fortunately, there are alternatives to consider that can help mitigate these losses.
One such solution is to work with auctions that specialize in helping businesses turn surplus inventory into cash quickly. Auctions like Simon Charles Auctioneers can take excess stock and provide businesses with an immediate influx of cash, often within seven days. By doing so, companies can free up valuable warehouse and distribution space, reduce storage costs, and generate revenue from surplus inventory.
As we specialise in selling surplus inventory, this can be an attractive option for businesses looking to address their inventory challenges quickly. It not only provides a fast and efficient solution to dispose of excess inventory but also helps businesses avoid the negative environmental and financial impacts of sending inventory to landfill.
If you are facing challenges with excess inventory and are looking for ways to turn it into cash quickly, then consider working with an Simon Charles Auctioneers. Our expertise and experience, can help you free up valuable warehouse space, reduce storage costs, and generate revenue from surplus inventory in as little as seven days. Don't let your surplus inventory become a burden, contact us today to find out more.