Excess and obsolete inventory can quickly become a financial drain, tying up valuable capital and occupying storage space with products that are no longer in demand or overstocked. Efficient management is essential to avoid losses and maintain operational efficiency. Implementing strategies such as inventory liquidation, markdowns, or repurposing can significantly reduce the impact on the bottom line. By converting excess stock into cash through inventory liquidation, businesses can free up resources and minimize waste. Regular inventory audits and accurate forecasting are crucial to preventing the accumulation of unwanted stock, ensuring a streamlined and cost-effective operation.