What is Excess Inventory?
In this glossary, Excess Inventory refers to: Inventory quantities exceeding current or forecasted demand, resulting in increased holding costs and risk of obsolescence; monitored in inventory control systems and financial reports.
How is Excess Inventory used in logistics?
In logistics communication, this term appears in contexts such as: "Excess inventory ties up working capital and should be addressed through targeted sales promotions or stock transfers."
Why does Excess Inventory matter in logistics?
Excess Inventory matters because it supports clear communication in Warehousing contexts for Freight Forwarders, Supply Chain Managers, and Customs Brokers. It also connects to aviation training and exam language such as FIATA Diploma, CILT Certification, and IATA DGR.
Who uses Excess Inventory?
Excess Inventory is mainly used by Freight Forwarders, Supply Chain Managers, and Customs Brokers.
What category does Excess Inventory belong to?
In this glossary, Excess Inventory is grouped under Warehousing. Related pages in this category explain adjacent procedures, commands and operational concepts.
Where does this definition come from?
This definition is sourced from Incoterms 2020 (ICC), FIATA, IATA DGR, WCO and published by Protermify Logistics as a static logistics reference page.
