Manifested vs Unmanifested Liquidation Inventory
The single biggest information difference between two otherwise similar lots.
Manifested lots
A manifest lists what was scanned into the lot: items, SKUs, quantities, and unit retail. You can model the lot before buying, which is why manifested inventory generally commands a higher price.
Unmanifested lots
No item-level list exists. The description covers category and general condition only. The discount is larger because the uncertainty is larger — including the possibility that the lot is worth substantially less than expected.
Choosing between them
Buy manifested when you are learning, when capital is tight, or when your channel requires specific goods. Consider unmanifested only when you can absorb a bad lot without it damaging the business.