Excess Inventory Management

Reduce Excess Stock Impact: Explore Consignment Options

May 20, 2024
Excess Inventory Management

Reduce Excess Stock Impact: Explore Consignment Options

May 20, 2024

Introduction to Consignment

In the dynamic world of electronics manufacturing, managing excess inventory effectively can be a challenge for many businesses. Electronic component surplus that is no longer utilised can become a costly drain on a manufacturer’s resources and, if this stock disposed of, could be a serious financial loss.

Cyclops Excess offers a range excess stock managing solutions that will help you sell excess electronic components and maximise your returns. We are one of the few inventory management and buying businesses who will offer you an immediate cash payment if you need to quickly liquidate your excess stock.

However, if you want the best return from your excess inventory, our consignment options would be best suited to your needs, allowing you to maximise potential returns without giving up ownership of your surplus inventory.

What is Excess Stock Consignment?

Consignment is a strategic approach where you entrust your inventory to us without giving up ownership. We handle the storage, marketing, and sales process, exposing your products to over 3000 OEMs, CEMs and other potential buyers globally.

This method is a more profitable choice for companies who don’t need an urgent sale but are seeking to optimise the potential yield on their excess inventory.

Our Consignment Options

At Cyclops Excess, we offer two tailored consignment models. These models can be fully adapted to your specific needs.

1. Standard Consignment

In our Standard Consignment option, we store, market, and manage the sales of your stock at no cost to you. Key benefits include:

  • No freight charges or storage fees: We handle all the logistics and store your stock in our warehouse free of charge.
  • Safe storage: Your components will be kept in their original packaging in our secure warehouse up until the point of sale. We will do our best to keep all consignment stock in the same location, meaning if you decide not to sell, we can easily return your components. The contents will be packed with anti-static and anti-moisture bags, and once the components are sold, they will be picked in a clean room to keep them contamination-free.
  • Global exposure: We market your stock on several premium websites, reaching a vast audience.
  • Controlled pricing: We have a dedicated and knowledgeable pricing team who have years of experience selling stock at the best industry prices.
  • Transparent reporting: You will benefit from monthly sales reports and a comprehensive 6-month performance review.
  • Flexibility: You can choose between a variety of contract lengths that can be extended indefinitely. At the end of any contract term, you can choose to extend, receive a buy-out offer, or have the stock returned to your warehouse at no cost to you.

2. Virtual Consignment

Our Virtual Consignment offers all the benefits of the standard option with the added advantage of retaining your stock on your premises. This ensures if the components once again become active in your production chain, you retain immediate access to them. This model is perfect for businesses that might need quick access to their inventory. Features include:

  • No formal term agreements: You gain full flexibility with no fixed commitment period.
  • Direct control: You maintain possession and notify us of any changes in your stock usage or sales.
  • Guaranteed exposure: Your stock will be advertised on industry-leading websites, ensuring thousands of searches each month and visibility to an extensive audience.
  • Always in the loop: We will check all pricing with you prior to selling.
  • A comprehensive service: We will handle all shipping arrangements and costs.

Why Choose Cyclops Excess for Consignment?

Choosing Cyclops Excess means partnering with a leader in inventory management, backed by cutting-edge software that analyses various market factors to optimise your returns. Whether you opt for Standard, Virtual Consignment, or a tailored solution, we ensure a seamless and efficient process, freeing you to focus on your core business operations.

Cyclops Excess and its parent company, Cyclops Electronics, have an indisputable track record in customer service, as demonstrated by our ISO 9001 accreditation.

Other Stock Selling Options

For businesses needing immediate liquidity or looking to clear space quickly, we also offer an immediate cash purchase option. This is a straightforward transaction where we purchase your stock outright, providing you with instant financial relief.

Once we have purchased your inventory, all shipment-related costs will be absorbed by us. The amount we agree on is the amount you will receive, no hidden costs.

How to Get Started

Getting started with Cyclops Excess is easy! Send us your stock list or contact our team and we will handle the rest. If you have any questions or need further clarification, our dedicated team is ready to assist you.

By choosing Cyclops Excess as your excess inventory management partner, you are not just managing inventory; you are enhancing your business's financial health and operational efficiency.

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