What is corporate overgoods?

Corporate overgoods refer to the excess inventory or unsold merchandise that companies produce or purchase for their business operations. Overgoods often result from poor planning or forecasting, unexpected changes in demand, or market fluctuations. These products can become a liability for the company and occupy valuable warehouse space, tying up capital and reducing profits. To recoup some of the costs, companies may sell their overgoods through various channels, such as online marketplaces, discount stores, or liquidation auctions. Selling corporate overgoods can generate revenue and help businesses clear out their excess inventory, but it also requires careful management and pricing strategies to avoid losing value.