![]() ![]() Perishable inventory is inventory that expires or otherwise loses value over time.Revenue management strategies focus on maximizing profits from non-stock perishable inventory, such as hotel nights, airline tickets and rounds of golf. While some of the techniques and strategies discussed here apply to all kinds of perishable inventory, the focus is on perishable stock. Yogurt and floral bouquets are both perishable inventory and stock, while rounds of golf and nights in a hotel are perishable inventory but can’t be stocked in a refrigerated warehouse like yogurt. Perishable stock tends to specifically refer more to perishable goods that can be stocked. Perishable inventory and perishable stock are often used interchangeably, but, in practice, sometimes they are equivalent and sometimes they aren’t. Sometimes product quality perishes gradually, like a market research report that becomes less relevant (and, therefore, less valuable) as time goes on, and sometimes it happens instantaneously, like the value of a ticket for a seat on an airplane after the plane takes off. Perishable inventory consists of products that expire or lose value over time, eventually becoming worthless. What Is Perishable Inventory or Perishable Stock? By giving special attention to perishable inventory and applying the right strategies, tools and techniques, businesses can improve their bottom line by reducing unnecessary losses and making the most of their opportunities - before they expire. ![]() Inventory management is a challenge faced by any business selling a product, but the challenge is particularly acute for businesses dealing in products that expire or quickly lose value over time. East, Nordics and Other Regions (opens in new tab)
0 Comments
Leave a Reply. |
Details
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |