Trading Specialists are Awarded ISO 9001:2008 Accreditation!

Trading Specialists are very pleased to announce that we have recently been granted renewal of the ISO 9001:2008 quality accreditation. We were previously recognised as ISO 9001:2008 accredited under the Cyclops Group but we are now honoured to be awarded this standard solely as Trading Specialists.

ISO 9001:2008 certification ensures organisations have processes and procedures in place which allow all aspects of their services to be the very highest quality. This demonstrates Trading Specialists' ongoing commitment to meeting these high standards when fulfilling clients requirements.

Trading Specialists were awarded the ISO 9001:2008 by the world’s leading certification, audit and verification organisation, SGS. SGS are a trusted leader in ISO certification standards, their recommendations ensure our operations are efficient and cost-effective, while complying with the requirements of the 9001:2008 Standard.

Follow the link to download our most recent ISO Certificate. 

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. 

Trading Specialists Easter Opening Times

Our UK office will be closed for the Easter holidays on Friday 29th March 2013 and Monday 1st April 2013. We will be open as usual on Tuesday 2nd April at 08:45 (GMT) for all your electronic component requirements. 

If you have any excess stock lists, send them over and we will work on them straight away after the Easter break. 

Trading Specialists Would Like to Welcome Stefan, our New Business Development Executive

Stefan Harland

Here at Trading Specialists we have seen a rapid growth within our sector and the business as a whole. As a result we have expanded our expert team to ensure that we have the resources to continue our efficient and prompt service. 

Stefan, our new Business Development Executive, joined the Trading Specialists team at the beginning of this year. Stefan will be responsible for building his own account base by sourcing new suppliers and buying their excess inventory to help release the tied up revenue. He will also be responsible for receiving your excess stock lists to see where Trading Specialists can help benefit your business.

Stefan has an extensive background in new business development, most recently within the IT&T industry as a Sales Manager of a direct sales team. Originally from York, he has lived and worked in Sydney and Singapore for the past 18 years. Returning to the cooler climates of his home town, Stefan joined the trading Specialists team here in York to help deliver our tried and trusted service.

A word from Stefan... “I am excited to start my career with Trading Specialist and I look forward to working with you on your electronic component excess inventory. I would like to wish everyone a safe and prosperous 2013”.

Do you have excess electronic component inventory? Then start by sending us your excess and obsolete stock lists, or for more information, give us a call on +44 (0) 1904 436 444.

IHS Report Chip Inventory at Semiconductor Suppliers Reaches an Alarming High

Amid weak market conditions, IHS report that chip inventory held by semiconductor suppliers reached an alarmingly high level in the third quarter of 2012.

Semiconductor revenue declined by 0.7 percent during the forth quarter of last year. These poor results came after inventory reached exceedingly high levels by the end of the third quarter of 2012. This amounted to 49.3 percent of total semiconductor revenue, which has been the highest since 2006.

During the final two quarters of 2011, stockpiles actually decreased seemingly showing a promising reduction. Yet, inventories steadily increased once again, reaching 47.5 percent of total revenue before hitting its peak in the third quarter of 2012.

These inventory levels refer to chip stockpiles specifically in the hands of semiconductor suppliers, not throughout the electronics supply chain. Supplier levels are then compared against combined revenue from a sample 75 semiconductor supplier companies. High levels indicate unsold stockpiles and also unrealised revenue tied up with the stagnant inventory.

IHS report that this high level of inventory was due to the expected high demand of semiconductors for products thought to have sold well over the Christmas season. With consumers still wary of the economic state, these sales never materialised and we only saw a 0.7 percent increase in consumer purchases two weeks prior to Christmas, the worst performance since 2008.

Do you have excess inventory? Trading Specialists can help! Part of the Cyclops Group, Trading Specialists can buy your excess, obsolete, end of life and slow moving inventory. We work with you to find the most effective solution to maximise your returns. With our service we will enable you to access this tied up revenue as well releasing space within your facility, meaning you can avoid inventory write offs.

To speak to one of our team please call us on +44 (0) 1904 436 444 or visit our website to find our more about our service.

Click here to read the IHS' full press release.

Seasons Greetings and Best Wishes for 2013 from Trading Specialists

Thank you for your continued support throughout the year. We wish you well over the holiday season and New Year celebrations. 

Photography courtesy of Marbeca Bakery 

We will be closed for the holiday season from 16:30 (GMT) Friday 21st December 2012, reopening in the New Year at 08:45 (GMT) on Wednesday 2nd January 2012.

We will be ready and waiting to receive your excess stock lists and inquiries as normal, while looking forward to a busy and prosperous New Year.

Once again have a wonderful holiday season.                         

 

Are you completing an end of year stock check? Receive money for your excess, obsolete, slow-moving and EOL components!

As 2012 draws to a close, many manufacturers begin to plan for 2013. This often involves stock checking and maintenance. Sometimes they find themselves left with excess electronic component stock, taking up warehouse space and locking in valuable capital.

So the problem of how to dispose of this surplus inventory arises...

There are numerous ways in which an organisations do this. Some simply scrap the stock, costing both time and money which could have otherwise been saved.

Others take the sensible option, they sell their excess stock and generate a cash injection ready for the new year and the challenges it may bring.

Selling your excess stock to a company such as Trading Specialists is simple and effective.

Offering an immediate cash injection to your business, Trading Specialists make a bid based upon a percentage of the market value of your stock. Once the bid is accepted, the stock is collected at no cost to the seller, and with no further liability.

As part of the highly respected and long established Cyclops Group, Trading Specialists are also able to purchase stock via consignment. Trading Specialists maximise potential returns by storing excess stock on behalf of a company, and actively marketing it to over 16,000 OEM's, CEM's and distributors worldwide in exchange for a percentage of future sales.

Trading Specialists provide a simple, efficient and cost effective way to dispose of surplus, obsolete, slow-moving and end of life electronic component inventory.

If you'd like to find out more about how Trading Specialists can help you to realise the full potential of your excess stock, contact us or visit our website.

Tel: +44 (0) 1904 436446

Email: blog@trading-specialists.com