Surplus stock is a term used to describe an inventory of stock which exceeds what is required or utilised by a business. It is also known as overstock. The reasons why a business may have surplus stock vary and what constitutes as surplus is also wide ranging.
A surplus or overstock is not just down to a business ordering too many of a particular item but this is one of the many reason why a business will look to the sell. A surplus can also be due to end of line items, customer returns, warehouse clear outs or anything where a business would be looking to offload stock.
Stock can be brands new and sealed, used and returned or even faulty for spares and repairs. Other sellers and retailers are always looking for new stock and sometimes can do more with a businesses surplus than that business can or is inclined to.