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...

Supply Chain, Back to the Future!


The negative impact of the counterfeit threat has hit OEM and EMS companies hard. For many, cost reduction through clever sourcing is no longer an option as it is deemed too risky. How did this happen? I started out in the electronics business 32 years ago serving my time as an engineer in the Aerospace sector. Much later, when I joined one of the world's largest Franchised Distributors in 1999 I began to realise that every company I dealt with had a few "brokers" up their sleeve. This allowed them to make PPV or savings on their BOM cost. At...

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...

Tier 1 Reverse logistics that really works!


Our InPlantTM system was originally designed for Tier 1 Electronic Manufacturing Services (EMS) companies but also works very well for particularly large Original Equipment Manufacturer (OEM) companies too. In simple terms this system allows you to recover all of your cost, and in many cases, you could actually make a profit when disposing of your excess and obsolete materials. Billion dollar sites have incredible buying power. We can use that buying power to make sure you recover all of your cost when selling on your excess. Smaller companies are queuing up to access your traceable stock. There is no cost...

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