5 Rules for managing expiry dated stock

Expired stock?

Managing expiry dated, use by or best before dated stock can be a real headache for the inventory manager.  My background is in pharmaceuticals and medical devices but many of the same principles apply to food as well.   I also think that even non-expiring product has a use by date;  particularly electronics and fashion or anything that behaves like these products.  Once it gets old, you either can't sell it at all or its value diminishes rapidly.  So here are my rules for managing expiry

Can we manage expiry dated stock better?

A great discussion on Linked In, about the possibility of extending the expiry life of medicines after a recent study revealed that some drugs may retain viable potency for decades; long after the product officially expired.  The possibilities of some drugs being able to be sold with very long expiry dates is tantalising and holds the promise of