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Buyers Guide to Identifying Excess & Obsolete Electronic Component Inventory

When we talk about excess or obsolete inventory, we are of course referring to inventory of which the quantity you are holding in stock is surplus to requirements. Maybe production operations which originally were intended to use that stock have slowed or even stopped. Perhaps there is new hazardous materials legislation which leaves the stock […]

How to deal with Obsolete inventory?

What is obsolete inventory? Obsolete inventory also referred to as “obsolete stock,” “dead inventory,” or “excess inventory” is a term used to describe items that have come to the end of its product life-cycle. This means that there is no market demand for the product anymore. Most businesses determine that its inventory is obsolete once […]

Use excess Inventory to you advantage!

Excess inventory is a problem that arises in every company and may negatively impact profitability. It is critical to sell this excess inventory as swiftly as possible to make sure your ROI is maintained and does not decrease with the passing of time. Excess inventory should be a potential source of income, but most companies […]

How can Big Data Help in Procurement?

What is big data? Well, according to Wikipedia “ “Big data” is a field that treats ways to analyse, systematically extract information from, or otherwise deal with data sets that are too large or complex to be dealt with by traditional data-processingapplication software. For simplicity’s sake, we can say it is an innovative way of looking at traditional data […]

Why scrapping excess stock is never the answer

Glen Bodilly sits down to discuss excess inventories and why scrapping is never the answer. Glen Bodilly joined Cyclops Electronics in 1999. During his 19 years with one of the UK’s most renowned independent distributors, he has progressed through a variety of sales roles and now oversees the company’s international excess stock division. Drawing on […]

The Problems with Excess Inventory (and how to solve them)

No matter the size, scale or scope of your business, excess inventory is a problem that we all have to deal with at some point or another. Even after months of hard work and planning, inefficiencies can appear in the supply chain, especially if consumer or manufacturer demand fluctuates ever so slightly. As a result, […]

How to monetise your excess inventory

Excess inventory is a term used to define a surplus of stock that is left sitting in a company’s warehouse. This problem could occur due to poor forecasting, a complete shift in the manufacturing process, or via a particular component or part becoming outdated or obsolescent. Some root causes of excess can be guarded against […]