Managing and forecasting your requirements is an imperfect science. With new technologies constantly being released, existing parts being discontinued, consumer demand switching on a sixpence or Mother Nature wreaking havoc, contending with surplus electronic components or stock is a problem that all companies are likely to have to contend with at some point.
Shortage markets can often throw you off track leading to excess stock taking up extra warehouse space which can drag down new sales and tie up capital that can be used more productively by the company.
Today’s climate requires companies to be as proactive as they can be when it comes to reacting to Shortages, obsolescence, disposal and scrapping of excess stock. Without a plan it can be quite expensive and could lead to production stoppage scenarios or over-allocation for parts- both being very bad for business.
Selling your surplus electronic components can be hard for most businesses since they would likely not have a dedicated team that looks after the selling of excess components , it would instead fall back onto the buyer who initially purchased the parts- which could lead to the stock languishing in warehouses waiting for attention.
Here are 3 things to keep in mind before selling your excess electronic stock:
- Make sure you have your stocklist Handy
- Make sure there is free shipping
- Make sure you sell to industry experts
Make sure you have your stocklist ready
Before you decide you want to sell your excess electronic components, make sure you have a detailed list of all your electronic components neatly listed with their name, part number, how many you have and what their cost price was. This will help you send the list to various brokers who can go through the list and be able to quote a fair price for the items.
You will also be able to see what you paid for the components and see how much ROI you have made. Your stocklist will also make it easier for you to keep track for your excess inventory and ultimately help your warehousing as well.
Make sure there is free shipping
Many brokers or bulk buyers will not only offer to buy your entire stocklist, they will also offer to ship your components from your warehouse to their own at no cost of your own! This will boost your ROI and help you free up some of that precious warehouse space so you can stock up on the fast-moving stock.
Make sure you sell to industry experts
Make sure you are selling to reputed industry experts, since they will be able to ensure you are getting the best price for your components. They will know the industry best and will be able to guide you when it comes to price and the various selling options available to you and which would be best for your situation.
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