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Currently viewing the tag: "obsolete inventory"

So, you just inherited a downtown warehouse from your Great Uncle Lester. The property is nice to own, but your thoughts immediately turn to what that building might contain.

Great Uncle Lester was a strange duck with a pension for the unique, so just maybe he stored his secret vintage car collection there. Clandestine art pieces? Stocks and bonds? Jewels? Oh, jewels! You know he was no fool.

You throw open the doors and allow your eyes to adjust as the rays fall ever so gently on…10,000 Sony VHS units. Mind you, these are mint in the box, baby! You quickly realize that perhaps Great Uncle Lester was a fool and you are now the shame-faced owner of obsolete inventory. Whatever are you to do?

Good gracious! The obituary for this technology was in the paper long before your old uncle took his last breath. You remember reading VHS’ 2005 obit in the Washington Post:

“VHS — the beloved videotape format that bravely won the war against Betamax and charmed millions of Americans by allowing them to enjoy mindless Hollywood entertainment without leaving their homes — has died at the age of 29. It passed away peacefully after a long illness caused by chronic technological insignificance and a lack of director’s commentary tracks.”

You would love to just shut the doors and light a match, but you don’t have a match. Your mind is racing. Give them as gifts to everyone you know for every event for the rest of your life? Keep them in their boxes and build a fort? Sink them in the river? Ship them back to China? Uh, did they even want them when they made them?

Wait a minute! Doesn’t Lakeside Food Sales say there is no product too large or too small? Don’t they claim that there is no product that they cannot move? Shoot, they import, export, liquidate, distribute, and salvage.

I know they’d tell me, “Hey, contact us! We can move Great Uncle Lester’s VHS machines with no problem. We’ll find them all good homes where people will use them to watch great VHS tapes like Rambo and Top Gun.” Hey, I have copies of those too.

'Obsolete inventory' and the picnic plannerBoy, don’t we know how tough it is out there with businesses trying to stay above water…and even trying their hardest to put on a good show at their annual shindigs. Gotta give some credit to those decision-makers who want to go forth with the traditional company gatherings.

Take the big summer BBQ. Golly, it doesn’t take too many gelds to rent a park, but when you start adding up the food for 350 attendees, you’re into next year’s budget.

Furthermore, if you grab your shopping cart to load up at the name-brand grocery store you’re going to be spending part of the profit-sharing you’re hoping the company will eek out this year.

Not to worry. Adjust your thinking and earn the praise of your CFO. After all,  you’ve been the event planner for the past 35 years, and you’ve not missed a year in pulling off this much-anticipated summer frolic. OK, the last couple of years, you should up a day late…but chalk it up to a senior moment.

This year, though, is different. You discovered a super-duper retailer, Big Lots, that just opened in your area and you were as excited as punch to make your list and see all the savings going back into the company.

But buying “seconds” or  “closeouts” for the company picnic?  Well, think about it. In the first place, we’re not talking about leaking cans of orange juice or stale food lying about in broken boxes. No siree Bob. You see, when you’re talking about surplus goods, you’re dealing with a company that maybe needed to get rid of excess inventory, or maybe there was a package change that forced them to move the goods.

OK, so when I sat down to talk to the company president and his CFO and told them how excited I was to go and buy obsolete inventory, they came back with what I would call harassing comments.

“Obsolete?? If you think I’m going to feed our employees obsolete food, then, well….you’re obsolete,” said Fred the president.

“Yeah,” rejoined Cal the CFO, looking up from his 10-key.

Well, I pulled it off, and the food was beautiful with stuff like Del Monte pears, Dole fruit cocktail (who doesn’t love a can of this while watching Lawrence Welk?), Tropicana Orangeade Light and even something for me — the Del Monte Mixed Vegetables….on a plastic plate, I might add.

I retired at the end of the BBQ, actually after I ate my mixed veggies. But be sure to go to the contact us link to find out a lot more about all the distribution channels and excess inventory sales just waiting to make your next event a real…picnic.