SupplyChain Magazine March 2016 | Page 10

Leveraging techno maximise your return on e

Howard Rosenberg explains why keepi latest technology is not merely profita to keeping up with high customer e

Written by : Howard Rosenberg , CEO of B-Stock Solutions Ed
LACK OF INNOVATION over the past few decades around how organisations approach disposing of their returned , excess , and obsolete stock has resulted in billions of pounds lost unnecessarily . With an ever-expanding marketplace that continues to gather pace , this business critical function can no longer be left to inefficient , reactive , or out-dated methods . Considering 15 percent of all goods are either returned or never sold to begin with , and that retailers and manufacturers end up selling more than 95 percent of their excess stock on the secondary market , it ’ s essential for them to understand the real value of this merchandise and rethink the programme ( s ) they
10 March 2016