Wednesday, September 16, 2015

Reducing inventory carrying costs on slow moving inventory is the fastest way to increase your profits!

Did you know that the top 40% of an average inventory accounts for almost 95% of your sales activity?  But, the bottom 60% of this same inventory accounts for only about 5% of your sales activity?

With inventory carrying costs averaging about 25% annually, it costs a lot to carry this 60% just to get 5% sales! Plus, these costs eat away at your profits from the top 40% and your bottom line.

However, there is still value in this bottom 60%.  Over 50% of these items will have activity over the next 10 years.  Due to the random usage of the items, you just don’t know which ones will be needed or when they will be needed.

Using our GPS Inventory Bank programs will eliminate as much of your inventory carrying costs as possible while keeping this slow moving inventory available for future customer service needs.  Visit us at or call (800) 896-0477 for more information.

Remember: Reduce Inventory to improve cash flows and ultimately increase your profits!

The easiest way to increase your profits is to reduce your inventory!

Are you tired of slow moving inventory eating away at your profits?  The easiest way to increase your profits is to reduce your inventory!

You cannot afford to hold onto excess and slow moving inventory because its carrying costs average 25% or more per year!  And, it’s probably taking up valuable warehouse space too – space that could be used for more productive inventory.

Should you surplus it?  You may get a minimal return on this inventory but is that worth having it out in the surplus market possibly competing against you, or worse, your CUSTOMERS??

Or just scrap it?  You don’t need to destroy your best possible level of shelf availability by scrapping it.

The day that you scrap or surplus this inventory is the day that your customer will need it! If it is not available for future demands, you will recreate more excess of the same items that you just scrapped or sold as surplus for pennies on the dollar.

YOU CAN’T AFFORD TO KEEP IT, BUT YOU NEED IT!  What is the solution?

Try our GPS INVENTORY BANK programs to:
  • Eliminate inventory carrying costs that average 25% or more EACH YEAR
  • Free up warehouse space
  • Provide 24/7 availability for exceptional customer service
  • Free up cash flows
  • Retain availability for long term product support
  • Increase your profits!

For more information contact us at (800) 896-0477 or visit our website at