In business, dead stock of any type is a huge problem if not addressed in a timely fashion. Whether your warehouse is full of unsold retail items, unneeded machinery or pallets and historic racking there is absolutely no excuse for it to sit there waiting for an “I’ll deal with it tomorrow” that never comes. The reasons for this are multifarious. Having surplus inventory of any kind is bad from a financial point of view as it is essentially dead capital in physical form. Not only that but it is dead stock that is likely to be reducing in value the longer it sits there, unsold and forgotten. Surplus stock ties up potential capital and can keep businesses from re-investing in important, pressing areas of the business or buying items that they actually need. This is a serious oversight that many businesses across the UK are guilty of, but as we shall see later it is easily remedied. On top of the many financial reasons for clearing unwanted warehouse stock, there are also health and safety ones. Having dead stock in a warehouse is tantamount to unnecessary clutter, which is certain to increase the likelihood of accidents and injuries in the workplace – especially when we are talking about racking and pallets or other bulky warehouse items.
Fortunately there are some excellent options on the market when it comes to selling unwanted assets. There are some excellent online auction houses in the UK that can provide onsite valuations – giving you upper and lower limit estimates on your disposable assets and unwanted stock and offering access to the purchasing power of thousands of bidders and interested parties no matter what your products might be. Such online auctioneers have years of experience and excellent customer service and can even offer advice on how best to split up lots and maximize earning potential, ensuring that you free up as much capital as possible to redirect in your business.
In addition to online auctions, there are also some fine online marketplaces – which can be excellent for unsold auction lots or even as an alternative to auctions, if you are between auction dates and want a quick sale. Once again, such a marketplace can give you access to thousands upon thousands of browsers (BPI Auctions’ Marketplace is visited by 50,000 users a week) who may see your dead stock as a must buy.
Even if you have unwanted warehouse stock that has no real monetary value you may investigate scrap metal merchants who could offer you scrap value for large quantities of damaged metal racking, for instance. Recycling can be another excellent way of clearing worthless items that are taking up valuable space. There are so many options out there that there really is no excuses when it comes to getting your warehouse in order and ensuring that no space is being taken up by stock that is not being used and is unlikely to be used in the foreseeable future.
BPI AUCTIONS
Henry Spencer
Tel: 01924 245040
www.bpiauctions.com
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