Real-time visibility into key financial and operational data to drive bottom line performance and support corporate responsibility initiatives.
Software is changing the way businesses manage unsold inventory and discards. Our technology is used by food manufacturers, wholesale distributors, and grocery retailers that value a commitment to sustainable food systems, more efficient operating procedures, greater traceability, and streamlined documentation for enhanced tax deductions. Spoiler Alert helps businesses avoid the headaches associated with building and maintaining technology internally. When it comes to managing unsold inventory, there is no easier option.
Food businesses need a scalable, holistic approach to unsold inventory management. Spoiler Alert enables food manufacturers, wholesale distributors, and grocery retailers to mitigate the impacts of unsold inventory and recover value from these under-utilized assets.
Unsold inventory management is a complex topic that touches many functions of a business. Our process engages a diverse set of stakeholders and addresses cross-functional performance metrics that maximize benefits across an organization.
Key Benefits & Outcomes
Bottom line impact from shrink reductions and tax shield:
Centralize documentation and data aggregation
Streamline capture of enhanced tax deductions from donated inventory
Reduce landfill-bound waste and disposal expenses
Find new outlets for surplus and distressed inventory
Process optimization that increases team efficiency:
Minimize manual data collection/reporting burden
Enhance Standard Operating Procedures (SOPs)
Gain insights into shrink and product traceability
Mitigate costs of vendor returns and canceled orders
Sales & Merchandising
Top line growth from closeout sales:
Provide secondary market buyers with the information they need swiftly and discretely
Increase the chances of a sale by connecting with our national network of closeout buyers
Access support from experienced closeout specialists
Establish curated networks of buyers based on program goals
Transparent environmental and social impacts:
Consolidate tracking of key CSR performance indicators
Strengthen ties with existing outlet relationships
Identify and collaborate with new nonprofit partners and landfill-alternatives
Obtain item-level insight into surplus management
Enterprise Product Overview
Capture item-level insights
Integrate with current inventory management item reports and align with existing workflows to improve traceability, unlock SKU-level details, and gain more insight into how your excess inventory is managed.
Improve tax shield and traceability
Track donation activity through electronic verifications and e-signature capture. Provide Corporate Tax team with aggregated documentation that increases the confidence to defend against an audit.
drive action via inventory integration
Pull in active inventory levels via an automated synchronization with your ERP or WMS and establish easy-to-follow rules for quickly dispositioning surplus, close-dated, or other categories of distressed product.
Communicate availability of unsold product
Send product availability notifications to a private network of existing nonprofit and channel outlets using curated distribution lists; or, introduce new, vetted partners to the network.
MOnitor progress across facilities
See financial, environmental, and social metrics of diversion efforts including information on top partners and the product mix of recovered inventory. Gain visibility into major improvement areas and root cause analysis. Benchmark across facilities.
Engage employees and customers
Weekly and monthly activity reports encourage continuous engagement and management of initiatives. This also keeps stakeholder groups abreast of the progress and impact they're having on the company's success.