What is Excess Inventory?
Excess Inventory Inventory quantities exceeding current or forecasted demand, resulting in increased holding costs and risk of obsolescence; monitored in inventory control systems and financial reports.
Source: Incoterms 2020 (ICC), FIATA, IATA DGR, WCO
How is “Excess Inventory” Used in Practice?
Excess inventory ties up working capital and should be addressed through targeted sales promotions or stock transfers.
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Who Needs to Know This Term?
- Freight Forwarders
- Supply Chain Managers
- Customs Brokers
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What is Excess Inventory?
Inventory quantities exceeding current or forecasted demand, resulting in increased holding costs and risk of obsolescence; monitored in inventory control systems and financial reports.
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