I forgot the term, feels like it's at the tip of my tongue.
Imagine that I have a shop, with an expired product, took it off the inventory. Now what do you call that item?
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Sign up to join this communityI forgot the term, feels like it's at the tip of my tongue.
Imagine that I have a shop, with an expired product, took it off the inventory. Now what do you call that item?
Jan Ariel, what you are describing is referred to in retail as 'spoiling' an item or 'spoilage', that is, identifying inventory that for any reason cannot be sold. Products expire, products are damaged, products are returned that cannot be re-sold. It has a special meaning. According to "Accounting Tools", a site for accounting education:
Spoilage is waste or scrap arising from the production process. The term is most commonly applied to raw materials that have a short life span, such as food used in the hospitality industry. Normal spoilage is the standard amount of waste or scrap that is caused by production, and which is difficult to avoid.
'Spoiled' products need not be literally rotten. Excluding theft, it's the merchandise that a retailer pays for but doesn't sell.