Component Sense Blog

Tag: Consignment

Another Company's Treasure: Why Component Sense Values Legacy Stock and our Advice for Repurchasing

Another Company's Treasure: Why Component Sense Values Legacy Stock and our Advice for Repurchasing
If you are in the electronics component industry, you might be surprised to see our company advertising ‘legacy stock’ inventory. The electronics industry is constantly evolving, with new more efficient, smaller, and faster components entering the market at a rapid pace. So, why would Component Sense actively hold and promote legacy stock? We define legacy stock as including any components older than ten years old. By holding on to these older parts, we at Component Sense can cater to certain valued customers. For example, our partners in the international automotive, military, and governmental industries often rely upon an older selection...

Back to Basics: How to Sell Excess Electronic Components

Back to Basics:  How to Sell Excess Electronic Components
Business Consultant, Angharad Storrie, interviews CEO of Component Sense, Kenny McGee, regarding selling excess electronic components. AS: What are the basics you need to know about selling excess electronic components? KM: Our clients are primarily focused on building electronic products. Selling excess is a by-product of what you do. When you are building a product there will always be excess or surplus components. There will be components that become obsolete or redundant for your purposes and that is just the natural order of things. Over time stock accumulates and it begins to harm your business. There are many different reasons...

3 pitfalls to avoid when selling excess electronic components

3 pitfalls to avoid when selling excess electronic components
Did you realise that as a PCBA manufacturer, at least 1% of your revenue is tied up in obsolete or redundant stock? Furthermore, you are probably sitting on 10% of revenue in slow moving stock! Read on to discover solutions to common pitfalls when selling your excess electronic components. Avoid scrapping your stock. Don't wait until your stock is so old and worthless that you need to scrap it and write it off your books. As an Independent Distributor we can advertise your stock in many ways allowing you to get money back either as an outright purchase, consignment or...

Why hold onto your excess or obsolete stock?

Why hold onto your excess or obsolete stock?
Do you find yourself saying "...but I might need this stock some day" constantly? Why hoard when you can turn your stock into cash whilst maintaining full access? Think about your costs in terms of resources - people to manage the stock and costs to store the stock, not to mention the valuable space taken up in your warehouse. The answer: consign your surplus stock to us at Component Sense and reduce your costs. We manage your stock in our warehouse. You still own the stock, however, in the meantime allow us to market and sell your excess and obsolete...

Consignment ... in 60 seconds

Consignment ... in 60 seconds
Let Component Sense consign your excess stock: We take your surplus stock into our warehouse. The stock still belongs to you. If you need your components for repair work just call, text or email us and we will send the stock back to you. We photograph the stock, collect lots of data and manage it for you. We market your product and share the proceeds with you. We come back to you with a list of stock we believe to be scrap and not saleable. We get your approval to scrap it and dispose of it free of charge. The...

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