Smart Solutions for Handling End-of-Season Excess Inventory — Management One Inventory Planning

To avoid excess inventory, do not underestimate the importance of using the display and layout of your physical store(s).

Optimize your visual merchandising to highlight products which need attention. Creating eye-catching displays placed in high-traffic areas will attract attention and encourage purchases. Tailor these displays to be seasonal or in anticipation of future events to make excess inventory feel fresh, timely and relevant. Here, IMS can assist in determining when and how often to refresh displays based on real-time sales data and store performance.

Also apply clear signage that advertise sales, clearance events or bundle deals prominently in-store: visual cues like “Limited Time Offer” or “Special Sales” catch the attention of customers and encourage immediate purchases to reduce unwanted stock. 

The Takeaway

By leveraging data-driven insights, implementing smart pricing strategies, and preparing your store for successful end-of-season promotions, you can effectively clear excess inventory without sacrificing profitability.

The baseline to optimizing each of these strategies is for retailers to adopt a comprehensive, integrated approach to forecasting and inventory management for maximum seasonal profitability. 

To find out how Management One can help you optimize inventory planning with advanced tools for demand forecasting and sales optimization,get a free consultation here.