Chiefexecutive.net features NAEIR President & CEO Gary C. Smith’s wisdom on inventory management – • Nine “don’ts” • one absolute “must do” – gleaned from 30 years of experience in the gifts-in-kind world: http://chiefexecutive.net/nine-inventory-management-mistakes-and-one-easy-solution
First appeared on CFO.com on August 19, 2013 – CFO Magazine very recently featured an article by NAEIR’s President & CEO – Gary C. Smith, entitled “NINE INVENTORY MANAGEMENT MISTAKES – and One Easy Solution… How to avoid competing with yourself by donating excess inventory or dumping it for pennies on the dollar”. https://www.cfo.com/growth-companies/innovation/2013/08/nine-inventory-management-mistakes-and-one-easy-solution-6368/Whether you’re…
A short article (link no longer available) on NAEIR appeared in the MICHIGAN RETAILERS ASSOCIATION website. It points to the importance of retailers continually offering customers new and exciting products to keep things fresh and interesting for their loyal customers. It also suggests that retailers would do well to use NAEIR as a tool in order…
The article below, referencing a visit made by a representative from Illinois Senator Richard Durbin’s office, was recently featured in over 230 news outlets throughout the country: Senator Richard Durbin’s Representative, Kate Jennings, Tours NAEIR with President Gary C. Smith GALESBURG, Ill., June 10, 2013 /PRNewswire/ — Kate Jennings, representing Illinois Senator Richard Durbin, recently…
Go to the Youtube video below and Listen to NAEIR’s President & CEO — Gary C. Smith’s Interview with Bert Martinez, Host of MONEY FOR LUNCH…Gary C. Smith, NAEIR’s (www.naeir.org) President & CEO, responds to Bert Martinez’s questions about the national, nonprofit, gifts-in-kind organization he’s been associated with since 1983.Gary describes NAEIR’s work with corporate…
“…By donating new, idle toys to charity, your business can earn a federal income tax deduction under Section 170 ( e )(3) of the U.S. Internal Revenue Code…” “…may deduct the cost of the inventory donated, plus half the difference between cost and fair market value. Deductions may be up to twice-cost…” To the read…
How do government agencies, schools, churches and other nonprofit organizations do more with less? Good question. Here’s how Gary C. Smith, NAEIR’s President & CEO responds…“Government Agencies Find Key Resource in Gifts-In-Kind Organizations”
Companies can earn an up to twice-code federal income tax deduction on their non-moving, overstock inventory, by donating it to charity. Excess inventory may also include returns, buy-backs and discontinued products.
Excess, non moving inventory is a common business problem that, fortunately, also contains its own solution.
Gary C. Smith, NAEIR’s President & CEO was recently featured on Kevin Price’s nationally syndicated radio talk show, THE PRICE OF BUSINESS…You can listen to it now…
