Posts about:
Consignment
Mistakes To Avoid With Excess And Obsolete (E&O) Stock
Many electronic manufacturers put excess and obsolete (E&O) component stock in the ‘too-hard’ basket. These companies are missing out on an extra revenue stream. Plus, failure to act means they are contributing to global electronic waste (e-waste) pollution.
The e-waste produced worldwide each year is worth over $62.5 billion. A tonne of e-waste contains 100 times more gold than a tonne of gold ore. Gold is just one of many precious metals used in microchips.
There is money to be made with excess inventory, so where are companies going wrong?
New Year, Same Excess: 4 Reasons To Redistribute In 2024
Forget joining a gym or starting a new hobby; for many electronic manufacturers, one of the best New Year’s resolutions they can commit to is assessing their excess and obsolete (E&O) component stock. The new year presents the opportunity for a fresh start to make your business more efficient, profitable, and sustainable.
The Best Time To Sell Your Excess Stock
Sit and think about this ancient Chinese proverb for a minute. There are probably many areas of your personal life where this saying holds weight. At Component Sense, we believe this profound Chinese proverb also has implications for our electronic manufacturing industry.
Consignment: Simplifying E&O Management for Electronic Manufacturers
In the world of electronic manufacturing, optimising your inventory management is crucial to success. EMSs and OEMs who embrace excess and obsolete (E&O) electronic component stock management have been shown to thrive in the competitive market and withstand industry challenges. As well as draining valuable resources, the burden of handling E&O stock can significantly hamper a company's agility and growth. At Component Sense, we offer tailored excess stock solutions to help alleviate the difficulties of surplus inventory for our customers. In this blog post, we will explore the features of our Consignment option and discuss how it can revolutionise your E&O stock management and empower you to focus on your core business. Discover how our excess stock solutions will help you recuperate electronic component costs and make your business more efficient, profitable, and sustainable!