What is Dead Stock?
Dead Stock Inventory items that have not moved or been sold for a prolonged period and are unlikely to be sold in the future, as classified in WMS, inventory audits, and write-off procedures.
Source: Incoterms 2020 (ICC), FIATA, IATA DGR, WCO
How is “Dead Stock” Used in Practice?
Regular inventory audits help identify dead stock, allowing companies to initiate markdowns or write-offs in accordance with accounting policies.
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Who Needs to Know This Term?
- Freight Forwarders
- Supply Chain Managers
- Customs Brokers
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What is Dead Stock?
Inventory items that have not moved or been sold for a prolonged period and are unlikely to be sold in the future, as classified in WMS, inventory audits, and write-off procedures.
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