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...

Discover the benefits of our InPlant system today!


Why wait for your stock to become obsolete or redundant? The real beauty of our InPlantTM system is that you can sell stock on an ongoing basis when it is excess or slow moving rather than waiting until it is obsolete or redundant. As soon as your forecast takes a dip and you have more stock than you need we can market it the same day. Within seconds we can see your excess stock as a result of us talking to your MRP system (e.g. SAP) and we can market your stock immediately. It is literally live! We have...

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...

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...

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