US Airforce have over $16million worth of excess parts!

If even the US Air Force can over order components, then anybody can! There’s several million dollars worth of excess parts used on the C-130 Hurricane at bases across the United States. An annual audit brought to light the sheer number of parts, valued at an estimated $16 million – phew, that’s a lot of excess parts!

Without making some significant changes to their inventory management, the Defence Logistics Agency will continue to obtain inventory that exceeds their orders. According to the Department of Defence Inspector General, ‘the parts will be hard to get rid of because funds will have to be spent to manage and store the excess inventory, which in turn will drive up costs to customers.’

While you may not have quite as many excess parts as the American Air Force, it shows how easy it is to over order, over estimate or just simply not require the parts ordered anymore. But what to do with these parts? You could leave them in the warehouse on the off chance they might come in handy one day, but realistically you know they will sit there for years, gathering dust and taking up valuable space. How about making some money from your excess instead?

Selling your stock to an inventory specialist is a win-win situation for you and your company. The parts are removed, giving you back storage space and you get a cash injection into the business. And it couldn’t be easier to do. Send in your stock list, get an appraisal, sign the paperwork and it’s done – and if you choose Trading Specialists you’ll get a choice of 3 payment options:

Immediate Payment
• We assess your stock for immediate purchase
• Once purchase is agreed your stock is quickly removed
• You get immediate cash, complete removal of goods and no ongoing liability

Full Consignment
• We sell your stock to maximise market value
• Your surplus stock is marketed to over 16,000 OEMs, CEMs and Distributors worldwide
• Your stock is relocated to our ISO approved warehouse

Part Payment & Consignment
• We buy your stock for immediate cash and a percentage of future sales
• Your surplus stock is removed and marketed worldwide
• You maximise return by getting immediate cash and ongoing revenue

What are you waiting for? Send your stocklist to web@trading-specialists.com today!

Source:
Standard Examiner

Great results from our latest Service Evaluation!

Your opinion really matters to us at Trading Standards and we would like to say how much we appreciate all of our suppliers who took the time to give us their feedback on our service.

Our latest service evaluation results are something we are really proud of and wanted to share with everyone. The results have been collected, analysed, picked apart and given a jolly good going through so we can use them to continually improve and develop our services!

Thank you to everybody who took part as it gives us great insight into what you need and allows us to give you an even better service, every time.

Here are some of the main findings we wanted to share with you:

• Rated as Excellent or Very Good by all participants for competitiveness
• Our top rated service was professionalism
• 87.5% of respondents will 'definitely' contact Trading Standards again
• 75% of respondents said that TS are their Preferred/trusted excess inventory partner with the other 25% calling us their Approved excess inventory partner

These are some amazing results and we are really happy that our suppliers trust us and will continue to use our services. We value every one of our suppliers and are always here for the management of your excess, obsolete, slow-moving and EOL electronic components.

Click to view the 7 great reasons to choose Trading Specialists and if you have any feedback or comments regarding our recent Service Evaluation then please let me know!

Communication is Key to Avoiding Excess Inventory

In a recent article discussing excess inventory within the electrical sector, Bridget McCrea speaks to several industry experts and explains ways in which excess inventory can be kept to a minimum.

Her findings explain how having surplus inventory is something that companies really need to keep an eye on, as this can increase overheads and idle stock costs companies money. One of the easiest ways to manage surplus inventory is to ward it off all together. By ensuring solid communication with customers and vendors and with well-honed inventory procurement processes. Talk to customers about their procurement plans for the coming year, this can help with your own inventory strategy and avoid overstock.

Another tip is to pick up on key buyer trends, for example, if a new type of product is proving popular within the industry. This will ensure that you're not stocking up on 'older' versions of products.

Even though you may try your hardest to avoid excess stock, sometimes it is unavoidable. If the inventory is taking up physical space and/or tying up money that could be used to invest elsewhere, you need to find a way of getting rid of it quickly so the space and money can be put to better use. Besides the cost of capital, it is estimated that the cost of holding obsolete inventory can run as high as 3% per month

Selling the goods is a wise option, markets that you don't typically serve or other distributors and online buyers are all good selling targets.

The electrical sector is not dissimilar to the electronics industry and here at Trading Specialists we specialise in solving excess, obsolete, EOL and slow moving electronic components inventory problems.

We have various selling options available and your stock will be relocated to our purpose built warehouse, for which we cover the transport costs. One option could include the ability for you to retain full title over the stock until it is sold, meaning you can use any unsold goods at any time.

If you would like to send us your excess stock lists for a quick assessment and response, then please email us or visit our website for more information. 

Obsolescence Issues & How To Manage Your End-of-Life Electronic Component Inventory

In the late 2000's the world faced a Global Financial Crisis that caused a drop in demand for consumer electronic products as well as financial problems for manufacturers. The economic troubles led many original component manufacturers (OCM's) to issue end-of-life notices for many of the parts that they built. In the three months following the collapse of the Lehman Brothers bank, electronics manufacturers EOL notices increased by nearly 300%. 2009 was even worse with the number of EOL notices increasing by 1000%.

When the Restriction of Hazardous Substances (RoHS) legislation came into action in 2006 many OEM's were forced to change the materials used in their products. Older components that did not meet the new guidelines were no longer useful and so therefore became obsolete. Rory King, Director of global product marketing at IHS, stated, "Many OEM's are sitting there with entire bills of material with literally thousands of parts which they had no idea were subject to unforeseen EOL or other supply chain disruptions.” With RoHS 2.0 due to come into affect in 2014, this process is likely to repeat itself.

At present the life cycle of electronic components is shortening and component manufacturers are issuing last time buys (LTBs) more regularly. OEM's will therefore have to forecast and estimate what they will need before the part becomes obsolete.

Unfortunately there is no end in sight for obsolescence in the electronic components industry and even the most efficient OEM's will sometimes be left with excess stock for which they have no further use, however this does not necessarily mean that the stock is worthless although it may be costly to keep. By getting rid of your excess inventory you can save warehousing costs while at the same time can offer your business an instant cash injection.

It is a big world out there and there can quite often be someone looking for the parts you have in your inventory. If you have obsolete parts that are in demand you could recover even more from your inventory with consignment.

Trading Specialists are already the partner of choice for some of the worlds largest component and equipment manufacturers. We work with you to create a tailor made solution for your obsolete and excess stock, all backed up by our global distribution network.

To learn more about consignment or how to sell your electronic component inventory please follow the links.

6 Top Tips On How To Maximise The Return On Your Obsolete, Excess & EOL Electronic Component Inventory.

Supply and demand are uneasy partners in the electronic component supply chain at the best of times., but with the current global economic climate the slightest change can usually result in a significant increase in stock levels to your business, which may ultimately impact on your profit.

With this in mind we have recently developed a guide on how to maximise the return on your obsolete, excess & EOL electronic component inventory.
 
To download your copy please click here NOW!

Move your Excess, Obsolete & EOL electronic component inventory before the residual value falls!

No, I'm serious... I am receiving reports from my contacts in the APAC region that the supply chain is softening. Take a look at the following articles...

• Capacitor Lead Times Shift...click here to read more!
• "Soft Landing" For The Semiconductor Industry in 2011... click here to read more!

Many manufacturing companies that I have spoken with are now starting to review their inventory levels to ensure they do not get caught with dead electronic component stock that could cause them unnecessary profit loss.

Even in Europe I am seeing reports that suggest Q1, 2011 will see a decline in the demand for electronic components. Unfortunately this will ultimately reflect on the prices across a wide range of electronic components.

So what's the answer? 

Move your excess electronic component inventory NOW!

I know it doesn't normally rate highly on your list of priorities, or maybe even get onto the list at all, but if it hasn't moved in the last 12 months it isn't going to go anywhere.

Selling your excess, obsolete and EOL electronic components can help inject immediate cash revenues into your business. I am always looking to buy electronic component material and have a variety of options available to you including consignment and immediate payment.

Still not sure?

Why not give me a call to discuss your disposal options? My direct dial is ++44 (0) 1904 436 420, alternatively if you already have a list simply email it to bobg@trading-specialists.com.