You have done the hard part and put a list of all of the excess,
obsolete, slow-moving & EOL stock together. But how do you
know that the bids you are receiving are competitive and reflect
the current market values?
Trading Specialists works closely with suppliers and puts a lot of
time into ensuring that our bids are (and always will be)
competitive.
1) The first step is to find out if line bids or an offer for the
whole lot is preferred.
- A lot bid allows us to spread our risk over multiple
lines and therefore offer a higher amount. It also leaves your
warehouse clear of the material which has no value.
- Line bids are perfect for slow-moving or newer
inventory. A line bid can help you identify which lines you can
afford to sell and in what quantities.
2) We assess the parts on our internal database which is shared
with our offices worldwide. This allows us to see our customer
demand,quotes,sales and purchase history.
3) The next step, is to see the availability, lead times and
prices from distributors and manufacturers. We have over 1000
supplier stock lists available to us and teams dedicated to
ensuring the information is accurate.
4) Based on many different strands of information we calculate
risk and offer accordingly.
5) The more information and feedback available, the more accurate
and individual our bids become.
As one of the largest buyers of excess inventory in Europe, and
with an ever-growing supplier base, we must be doing something
right. Send your list or any questions to
excess@trading-specialists.com or tell us what you think in the
comment section below.
If you are looking for the maximum return from your excess and
don't mind sharing the risk over longer periods of time, check out
our flexible consignment option. http://bit.ly/vaTbmq
