Supply chain solution blog

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...

EMS Finance Directors: How to turn your E&O stock back into cash with our tailored In-Plant solution


Is your senior management team committed to driving down excess and obsolete inventory levels? Read on to find out how we can help as Kenny McGee, CEO of Component Sense, highlights how to turn your E&O stock back into cash. Management awareness of the impacts of excess or obsolete (E&O) inventory is vital. Recently the US Supply Chain Resource Cooperative identified a number of characteristics associated with a properly developed excess and obsolete (E&O) inventory strategy published on 20 April 2018 in EPS News. The most obvious of which is.... E&O should...

E-Waste fuels the counterfeit epidemic


Impact on counterfeits A serious aspect of scrapping your stock inappropriately is you could inadvertently be contributing to electronic component counterfeiting. It is well known that "waste product" has the potential to become the counterfeit product of the future. End-Of-Life (EOL) finished goods should be crushed and recycled though legitimate companies otherwise they could end up in the counterfeiters hands. Most "counterfeit" components are actually recycled, used parts reclaimed from old product. A collective effort is required to manage waste properly so that we stop feeding the supply chain of the counterfeiters. Over the last decade westernised countries have tended...

Is your CMS or EMS managing your Excess and Obsolete stock effectively?


When you outsource your manufacturing you typically pass over control of your inventory to the Electronic Manufacturing Services (EMS) Company. In doing so, you have also passed the responsibility of managing your E&O over to them too. Many outsourcing contracts will state 'we will use best endeavours to mitigate your E&O liability'. Do you find yourself questioning whether or not they really are using their best endeavours? The EMS will typically pass around a list to brokers without sense checking the data and without properly populating the manufacturers part numbers. Often, they are concerned only with...

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