inventory adjustment

inventory adjustment
   a loss caused from prior overvaluation of goods
   Usually arising from a failure to write down slow-moving, damaged, or unsaleable stocks and not providing for pilferage. Also as inventory correction:
    Company officials blame the losses on share investments and 'inventory adjustments'. {Daily Telegraph, 19 February 1993)
   The market has clearly written off 2001 as a year of brutal inventory correction. {Financial Times, 14 June 2001)

How not to say what you mean: A dictionary of euphemisms. . 2014.

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