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

Can excess stock help you save the environment? We think so.

Feeling inspired by Earth Day yesterday? How about if we told you that you can help the environment just by sorting out your stock?

Not only does excess stock inventory take up space which you could be using for something else, by ensuring it is properly dealt with you can lessen the impact it has on the environment. Think about it, you're paying storage fees for something you no longer need, incurring electricity/heating costs which cost you money – and isn't exactly friendly to the environment either!

And what happens when you need to get rid of your excess components? If you hold onto them for too long the stock will become completely useless, need disposing of and this in turn will cause more damage to the environment, and your profitability.

So what can you do instead? By contacting Trading Specialists we can assess and take your excess components away, freeing up your warehouse space, helping lessen the environmental impact and giving your company a cash injection at the same time.

Send your stocklist through to web@trading-specialists.com or feel free to call us if you need more information on +44 (0)1904 436550

Keep up to date with all the goings on at Trading Specialists and the Cyclops Group by following us on Twitter, connecting on Google+ and LinkedIn

Season's Greetings and Best Wishes for 2015 from all at Trading Specialists

Are you getting excited about the upcoming holiday season? Here at Trading Specialists we certainly are and would like to wish you a very happy holidays and a wonderful new year!

We will be closed for the holiday season from 12:30 (GMT) Wednesday 24th December 2014, reopening in the New Year at 08:45 (GMT) on Monday 5th January 2015.

We will be ready and waiting for your enquiries in the new year and look forward to a happy and prosperous new year.

Season's Greetings and have a fantastic holiday season!

Trading Standards August Bank Holiday Opening Hours

The Trading Standards office will be closed on Monday 25^th August and will reopen on Tuesday 26th August at 08:45 (GMT), for all your excess electronic component requirements.

If you have any requirements, please send them over before the bank holiday and we will work on them straight away.

Whilst we are away, please feel free to send your requirements and we will be in touch as soon as we return.

Hope our UK customers and suppliers have a great bank holiday weekend- lets hope we get some sunshine! To everyone else, have a fabulous weekend and we look forward to working with you when we return.

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!

Trading Specialists UK Easter Opening Times

Trading Specialists' UK office will be closed for the Easter holidays on Friday 18th April 2014 and Monday 21st April 2014. We will be open as usual on Tuesday 22nd April at 08:45 (GMT) for all your excess 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.

Season's Greetings and Best Wishes for 2014 from all at Trading Specialists

Photo Courtesy of The Marbecca Bakery

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

We will be closed for the holiday season from 12:30 (GMT) Tuesday 24th December 2013, reopening in the New Year at 08:45 (GMT) on Thursday 2nd January 2014.

We will be ready and waiting to receive your inquiries as normal and look forward to a busy and prosperous New Year.

Once again have a wonderful holiday season.

Join Us In Donating To The Philippines Typhoon Appeal

Millions of people have been affected by Typhoon Haiyan which struck the Philippines on 8th November 2013. 

Typhoon Haiyan was 300 miles across and was the strongest tropical storm to ever make landfall. Hundreds of thousands of people have lost everything and are in urgent need of emergency shelter, food and clean water.  

Photo courtesy of DEC

The Disaster Emergency Committee’s (DEC) Chief Executive Saleh Saeed said “The public’s reaction to the sheer devastation left by Typhoon Haiyan has been quite simply remarkable. We are so grateful for the huge volume of donations, which are vital to fund the work done by our member agencies’ emergency teams.”

The Cyclops Group will be holding a dress down day on Friday 29th November in aid of the Philippines Typhoon Appeal. All proceeds raised for the appeal are being used to deliver food, water, household items and tarpaulins to those affected by the typhoon.

If you would like to make a donation please visit the DEC website and click on the red 'donate now' button.

Cyclops Group Raises Money For The Breast Cancer Campaign Charity

This week The Cyclops Group held a charity bake off and a 'wear it pink' dress down day, all in aid of the Breast Cancer Campaign charity. 

At the beginning of the week we held a 'bake off' and raised an amazing £150. We had two days of volunteer bakers and a kind donation from The Marbeca Bakery, to help raise a whopping £121. We also raffled off a special collection of cupcakes, again donated from The Marbeca Bakery, and made £29. 

Then to round off the week, we held a 'Wear It Pink' dress down day, with members of staff wearing pink in support of the charity. We managed to raise a fantastic £110, meaning a total of £260 was raised for the Breast Cancer Campaign charity. 

A huge thank you to everyone who took part and to The Marbeca Bakery for helping raise money for this worthy charity.

To find out more about the charity, please visit the Breast Cancer Campaign website. 

Are You Looking for a Flexible Way to Sell Your Excess Stock?

In today's market, fluctuating component prices and inventory levels are a common occurrence. Just last year we saw semiconductor inventory reach an alarmingly high level, due to a surge in demand to facilitate an expected busy Christmas period.

Here at Trading Specialists we offer a full consignment selling option for your excess inventory. This is an ideal solution for when you have excess stock with a high residual value. 

Full Consignment Benefits

We market your excess stock globally to 16,000 OEMs, CEMs and distributors in 40 different countries, 24 hours a day. This enables us to get you the maximum value for your excess stock. 

We relocate your stock to our purpose-built ISO9001:2000 approved warehouse. We also cover the transport costs and provide insurance cover to give you complete piece of mind. 

You will retain full title over the stock until it's sold, meaning that you can have access to any unsold parts, at any time. We provide you with 24/7 access to your stock via our secure web based Consignment Partner Login area. 

You can even set your own price per part if you need to reach a target level of return. Or we can get one of our dedicated purchasing team members to asses current market values and attach a price for you.  

If you would like more information or would like to speak to a member of our team, give us a call on 01904 436 444.

Your Opinion Counts, Read The Results From The Trading Specialists Service Evaluation

We are thrilled to announce the results of the recent Trading Specialists (TS) Service Evaluation. You, our valued clients took time out of your busy schedules to give us your opinion on our services.

Thank you very much to everyone who took part, your feedback is really important to us. The results will help us to develop and improve our services in order to serve you better.

We have now collected and analysed all the completed surveys that we received and we wanted to share with you our main findings....

• All participants rated us as excellent or very good for competitiveness
• Relationship/Trust along with Competitive Bid were chosen as the most important features when selling inventory
• Professionalism was listed as our top rated service feature by participants, with 90% of clients giving us an excellent for this category
• 99% of clients said they would definitely contact TS again if they had an excess inventory to sell

 We Asked, We Listened, We Developed...

We have used the results from our findings to tailor our service offerings to better meet our customer needs. We have also redefined and developed our key service features.

Click to view our new 7 great reasons to choose Trading Specialists for the management of your excess, obsolete, slow-moving and EOL electronic components.

If you have any feedback or comments regarding our recent Service Evaluation then please let me know!  

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

Trading Specialists at Electronica 2012

The Cyclops Group team would like to thank everyone that visited our stand at Electronica 2012, Munich, Germany.

We hope you enjoyed the exhibition and that our friendly team was helpful informing you about the company and the latest component solutions we have to offer.
 
The stand exhibited information from the Cyclops Groups services...

• International Excess Electronic Component Management
• Procurement, Logistics & Supply Chain Management
• Electronic Component Stocking Distributor 
• PCB Assembly & Electronic Manufacturing Services

To view the Cyclops Group presentation please click here.

If there is anything you would like to know about our services, please give us a call 
on ++44 (0) 1904 436446.

Introductory Video For Trading Specialists

Forward thinking and focused, Trading Specialists, a member of the Cyclops Group, has recently created a short video explaining how they can help manufacturers manage their surplus and excess electronic component inventory, freeing up valuable capital and warehouse space.

Trading Specialists will purchase or consign your electronic component inventory that is no longer of use and will tailor a solution so you can achieve the best possible return.

Using our ISO9001, temperature controlled and antistatic warehousing, as well 8 global offices to market your products, you are sure to get a great return on your stock.

Contact Ben Chrispin, our Head of Purchasing, today:

e-mail: blog@trading-specialists.com

Tel: +44(0) 1904 436 444
Skype: ben.chrispin

MSN: ben.chrispin@yahoo.com