Define what is meant by dead inventory. What are several ways to manage it?

Dead inventory was the inventory that was unable to sell effectively and efficiently and caused the accumulated inventory which will increase the holding or carrying cost in inventory management.

死库存是指无法有效、高效地销售，造成库存积压，增加库存管理中持有或持有成本的库存。

Dead inventory was caused by some reason or factors such as the sudden change of trend causing low demand of products or services, defective products, natural disasters that change purchasing behavior, and so on

死库存是由于某些原因或因素造成的，例如趋势的突然变化导致产品或服务的需求低，有缺陷的产品，改变购买行为的自然灾害等

Usually, there are a few ways to manage it. First, companies can offer free shipping of the product to make the product look cheaper. This shall be able to increase the attraction of the product to the customer to increase sales. Other than that, the company could also create the bundle product or use it as a free gift. This way can increase the sales of another product while decreasing the dead inventory. For example, the metal straw was lacking in demand and became dead inventory, so the company can promote buying two packs of milo and free a few metal straws. Other than that, companies can also donate the dead inventory to do some charity to fulfill the social responsibility to shape a better image. And it was the last step, to return the dead inventory to the supplier. However, not all suppliers will accept the return as well; it will affect their business inventory also.

通常，有几种方法可以管理它。首先，公司可以提供产品的免费送货服务，使产品看起来更便宜。这应该能够增加产品对客户的吸引力，从而增加销售额。除此之外，该公司还可以创建捆绑产品或将其用作免费礼物。这种方式可以增加另一种产品的销量，同时减少死库存。比如金属吸管供不应求，变成死库存，公司可以提倡买两包milo，免费送几根金属吸管。除此之外，企业还可以捐赠死库存做一些慈善活动，履行社会责任，塑造更好的形象。这是最后一步，将死库存退还给供应商。然而，并非所有供应商都会接受退货；这也会影响他们的业务库存。