Posts made in December, 2018

What Is Surplus Inventory?  

»Posted by on Dec 6, 2018 in Surplus Inventory | 0 comments

Well, surplus inventory is well a term used to describe a situation when there is more items in your inventory that what was actually needed and you could use this in a sentence like “There was a surplus electric motors last week” and surplus inventory can really affect your profits and will lead you to have unsellable items locked in your inventory and you will have lost money that could have been used for items that you could have sold. 

Surplus Inventory

If you call yourself a merchant or an entrepreneur that’s looking for good investment a surplus of inventory, leftover stock, or in other words, deadstock on your balance sheet can and will be a big problem for you and well future investors. 

More supply than demand could make you; the retailer seems like your overstocking and well, it indicates a big amount of profit downfall and that a high rate suggests that your keeping more inventory in stock. 

So, HOW DO YOU GET RID OF EXCESS STOCK: 

By now, after being educated about all of the downfalls of having excessive stocks and its disadvantages especially when it comes to keeping extra and worthless products. You should also know how to get rid of the extra products you have in your inventory. So, here is a way you can get rid of those extra products you keep in your stock 

  1. Make a profit analysis for all of your products as a part of your periodic merchandising study or in your monthly. If it’s possible your weekly inventory reports. This way you can keep a good eye on your product sales. And develop candidates for liquidation or well, in other words, the slow sellers. 

Also, a common question is being asked and that question is whether it is illegal to sell branded surplus garments. 

Well to answer that question depending on what state and if it has a law for it, yes it can and is certainly is illegal and thus it is punishable by law. In India, there is a criminal law IPC 1860-Section 489 Selling goods marked with a counterfeit property mark state that:  

“whoever exposes, sells or has in possession for sale any goods or things with a counterfeit property mark affixed to or impressed upon the same to or upon any case, package or other receptacle in which such goods are contained, shall, unless he proves- 

(a) That, having taken all reasonable precautions against committing an offence against this section, he had at the time of the commission of the alleged offense no reason to suspect the genuineness of the mark, and 

(b) That, on demand made by or on behalf of the prosecutor, he gave all the information in his power with respect to the persons from whom he obtained such goods or things, or 

(c) That otherwise he had acted innocently 

be punished with imprisonment of either description for a term which may extend to one year, or with fine, or with both. 

So, since you did not pay for the ownership of the said mark or brand, yes selling surplus branded items is illegal it can and will get you fined or even imprisoned depending on your area law.  

 

 

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MAKING YOURSELF AN EXCELLENT CAR DRIVER 

»Posted by on Dec 5, 2018 in Uncategorized | 0 comments

Driving a car could be very simple for others. It is their freeway to go somewhere without being stranded waiting for the bus or the jeepney to come over. Learning how to drive can be done and learned in many ways.  

Excellent Car Driver

You could enroll yourself in a driving school. You could learn about the different traffic and high way rules and of course knowing the right way to drive a car. The instructor will give you some modules on how you are going to learn how to drive. You may read the book and there will be some lesson where the instructor may need to discuss to you and to others the basic of driving a vehicle. Here you could freely ask your teacher or skill instructor if you have questions or things that you might not understand very well.  

They will teach you about some rules that you might need to understand and be mindful about it. They could also give you some advice and suggestions about tow truck Mississauga. Another way of learning how to drive is by asking your family members who can drive or even your close friends. They could do it to you for free unlike enrolling yourself to a driving school which you need to pay a bit much for the tuition. Ind driving a car, you need to consider and think of some of the things in order for you to be an excellent driver. You have to remember that it is not always about how fast you learned or how fast you drive the car. It is about the discipline you have as a driver.  

  1. You should pay attention to the surrounding you have. You need to be vigilant about what is happening. Don’t lose your focus on driving. You have to make sure that you know what you are doing. You can check for the side mirrors. In this way, you will avoid accidents. 
  2. Don’t drive too fast. You need to think that this is not a car race that you have to be always the first person on the road. You are avoiding traffic accidents and you don’t want anything to happen in an unfavorable way. Limit your speed. 
  3. Give and take when it comes on the road. When you see some cars passing by in front of you, then let them pass by. You want to have a peaceful driving. 
  4. Avoid switching to the road lanes. Doing this will stick you in the middle and some car drivers would be mad at you because of doing this. 
  5. Follow the traffic lights and rules. It will give you a safe driving experience if you know how to read the traffic light well. Follow them and you won’t have an unpleasant day. Pat close attention to all the signals and signs that you can see. 
  6. Keep in mind that you have to save the whole time of your driving. In this way, you need to avoid racing with others and arguing with other car owners.  
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