Expired inventory management means finding a better way to dispose of outdated goods. It requires careful planning and implementation of strategies that keep expired products out of the marketplace and maintain their value. This is important because expired products can adversely affect customer satisfaction, damage brand reputation, and hurt profits. Expired inventory management involves regularly reviewing product shelf life; identifying products at risk of expiring; reworking, repackaging, or otherwise redeveloping them where possible; calculating inventory write-offs; and disposing of expired items responsibly. Businesses should also ensure that their sales and marketing teams are aware of expiry dates so they don’t mistakenly sell customers outdated items. Done correctly, expired inventory management can be an asset rather than a liability.