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Every manufacturer has surplus: returned, excess or overstock inventory that sits in a warehouse, taking up space. Lack of innovation over the past few decades around how organizations approach disposing of their surplus inventory has resulted in billions of dollars lost and can no longer be left to inefficient, reactive or outdated methods. Considering 15 percent of all goods are either returned or never sold to begin with, and that a large portion of these products end up back with the manufacturer, it’s essential to understand the real value of this merchandise and rethink the program(s) put in place for the remarketing of it.
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