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Closeout Management - Overview Cash out obsolete inventory All hardware stores carry slow moving hard-to-find products, it's part of the allure of a good neighborhood hardware store. However, there comes a time when the cost of carrying these items exceeds any expected benefit. Our customers will tell us when it's time to start closing out a SKU—when an item hasn't sold in two years then it's time. We call these SKUs obsolete. In Mango, obsolete inventory along with overstock (SKU's that do sell but have a two-year supply or more on hand) make up your unproductive (Productivity Level 0) metric. For an optimized inventory mix, unproductive inventory should make up no more than 7% of your store's total inventory value. Mango's monthly closeout management process helps keep your unproductive percentage under this target by identifying obsolete SKUs then intelligently managing their markdown strategy. Read more about Unproductive Inventory (Productivity Level 0).