Obsolete Inventory
Inventory Management
Obsolete Inventory
Inventory that can no longer be used or sold because of design, technology, lifecycle or regulatory changes.
Examples
- 01After a design change, EUR 60,000 of old brackets becomes obsolete inventory because they no longer fit the new model.
- 02The warehouse review lists obsolete inventory by item and reason, so engineering sees the cost of late design changes.
- 03Using up old parts before the change date reduces obsolete inventory in the next model change by 70 %.