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Overstocked? Learn to Deal With It and Even Capitalize On It (CPG518C)

Presented by: James Dion
(*) Single User Price. For multiple users please call 1-844-384-4744
Pre Recorded Webinar
60 minutes
Event Description
See the sneak peek before you buy!

Clear Your Excess Inventory and Become Profitable Again

Yes, you can have too much of a good thing! That’s certainly true when it comes to slow-moving and excess inventory. And since you can’t go back in time and reduce the original order, you are faced with the reality of addressing excess stock in more creative ways. What about intentionally buying someone else's overstocks? Sound like a terrible idea? Not anymore. It is often true that one person’s mistake is another person’s opportunity. It’s time to start thinking creatively about your inventory challenges!

That’s exactly what this expert session, hosted by retail consultant James E. Dion, will help you do. Examine both the challenges and opportunities with slow-moving inventory. And uncover the many ways to maximize your return on selling overstocks, as well as strategies for buying someone else's problems. If you have too much excess inventory and/or you are looking for a way to increase your margins, this is your chance to learn how to do it.

In the first part of this session, Dion will answer questions such as: why retailers end up with too much old inventory, how to avoid overstocking when possible, and how to clear out all the excess stock to become profitable again. Next, Dion will explain how older inventories (or “closeouts”) can become a potential revenue stream, why buying and selling closeouts can work to your advantage, and how to do it right.

After attending this strategy session, you’ll be prepared to seize the opportunities that slow-moving inventory and excess inventory present. And you’ll know how buy and resell closeouts wisely—to give your businesses, and your margins, a needed boost.

Session Highlights

This instructive program will explain how to:

  • Fully understand the cost of too much inventory and the impact on the overall business
  • Take concrete actions on overstocked items by marking them down or using other tactics
  • Compute the cost of a markdown on the financial performance of the company
  • Compute the maintained margin of an item as well as the GMROII that it contributes
  • Take steps to purchase factory closeout merchandise and turn them into a new profit stream
  • Learn tips for negotiating the purchase of these closeouts

Session Takeaways

This session will cover

  • Inventory facts
  • Slow moving & excess inventory: more facts
  • How do you know that you have a problem? Metrics matter
  • Solutions
  • Make money selling other businesses’ overstocks

Who Should Attend

  • Business owner
  • Marketing manager
  • Buyer
  • Merchandiser
  • Advertising executive
  • Category manager
  • Wholesale buyer
  • Distributor
  • Manufacturer’s rep. pricing manager
About Our Speaker(s)

James Dion | Retail Consumer Trends SpeakerJames Dion
James Dion (Jim), founder and president of Chicago-based Dionco Inc., is an internationally known Retail Speaker & Trainer, Retail Consultant, and the Author of the bestsellers Retail Selling Ain't Brain Surgery, It's Twice As Hard, Start and Run a Retail Business and The Complete Idiot's Guide to Starting and Running ... More info

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    Event Title: Overstocked? Learn to Deal With It and Even Capitalize On It
    Presenter(s): James Dion

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