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...

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...

Outright Purchase


1. Can you give an overview of what is an outright purchase? Outright Purchase is one of the options we give our customers when they are looking to dispose of Surplus, Excess, Obsolete or Redundant stock. In simple terms, as long as you can provide us with a list of identifiable manufacturers part numbers and quantities then we can give a cash offer for your stock. If you have prices on your system and can provide those too we can value the stock even faster and usually bid, same day. We have a customised pricing system that will value your...

Outright Purchase ... in 60 seconds


Here is our simple guide to Outright Purchase of your surplus and obsolete stock: Provide us with information on quantity of stock, date codes or last-time-buy date to give us an indication of how old the stock is. Bids on stock that is Restriction of Hazardous Substances (RoHS) compliant and fairly current usually fetch up to 15%. Older stock could still be worth as much as 5%. No need to stock check your product as Component Sense has a first-class process for stock checking so all you need to do is ship the stock to us at our cost. Remember...

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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