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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What is obsolete inventory?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 Most businesses determine that its inventory is obsolete once […]
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Inventory Management and Bright ideas!

Inventory management is the heart and soul of any successful business, and as the business expands- so does the difficulty in keeping track of everything from products to stock to waste! But just as inventory management needs have grown – so have the solutions on offer- we now have everything from inventory tracking software to […]
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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 […]
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Selling Surplus electronic Components? Keep these 3 things in mind!

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 […]
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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 […]
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  • In stockroom

5 Tips to improve your stockroom

Stockrooms and warehouses form the backbone of every business in the world. It may not be the sexiest part of the business, or the place that gets the most eyeballs but how the stockroom is run and maintained can determine the future of the business. In many ways it acts as the headquarters of your […]
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  • In stockroom

Creating Sustainable, Environmentally Friendly Supply Chains

We have 12 years to save the Earth and make it a better place for future generations. In order to do this companies big and small should seriously consider creating sustainable and environmentally friendly supply chains and work towards creating a greener business in general. E-waste levels are growing at an alarming rate and electronic […]
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  • In stockroom

Have you considered selling your excess electronic components?

Your business is thriving, but you are stuck with stock that just sits in the back of your warehouse taking up precious space. What can you do? You could scrap it, or you could try something radical! You could consider selling your excess electronic component to specialist buyers like Cyclops Excess, who have been buying […]
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  • In stockroom

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 […]
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  • In stockroom

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, […]
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