The collection of inventory not readily usable, or excess inventory, is a common issue for manufacturers. It is typically caused by the rapid pace at which technology evolves, speeding up obsolescence of electronic components which end up taking up space and resources in the manufacturers’ warehouses. Manufacturers that do not have a proactive plan on how to use, sell or otherwise deal with the excess inventory can lose profit. Therefore, it is beneficial for them to employ the services of electronic component distributors to manage their excess inventory.
Excess inventory consignment services are one of the best options for manufacturers who are unsure of the best time to sell, buy or keep their inventory. This provides them with the opportunity of putting their inventory on the market, but being able to retrieve it at any point before it is sold. An electronic component distributor can help sell inventory by utilizing their network of buyers and marketing the product. They also may be able to provide you with advice on which components or products are best to keep and which should be sold.
However, before partnering with an electronic component distributor for consignment services, it is important to thoroughly research your options. A distributor that you choose will either be able to help you gain profit or could possibly damage your reputation. To avoid the latter, make sure that the distributor you work with has the proper knowledge, experience and compliance standards.
Harry Krantz Company is an exemplary electronic component distributor that has over 70 years of experience in excess inventory consignment as well as supplying components to various industries including the military and aerospace markets. Their knowledge and reputation grants them access to a large network of buyers to help turn manufacturers’ excess inventory into profit. Additionally, they utilize their ongoing marketing efforts to ensure that new buyers are attracted to the manufacturers’ products as well.
Time-tested knowledge and experience such as Harry Krantz has is important when entrusting your property to a distributor. If you are not experienced in selling components, which many manufacturers are not, you will require guidance as to how to best manage your inventory. Distributors that have been in business for over a decade are likely to be knowledgeable about the best ways to manage your excess inventory, taking into consideration the current and expected market trends.
Excess inventory consignment services are one of the best options for manufacturers who are unsure of the best time to sell, buy or keep their inventory. This provides them with the opportunity of putting their inventory on the market, but being able to retrieve it at any point before it is sold. An electronic component distributor can help sell inventory by utilizing their network of buyers and marketing the product. They also may be able to provide you with advice on which components or products are best to keep and which should be sold.
However, before partnering with an electronic component distributor for consignment services, it is important to thoroughly research your options. A distributor that you choose will either be able to help you gain profit or could possibly damage your reputation. To avoid the latter, make sure that the distributor you work with has the proper knowledge, experience and compliance standards.
Harry Krantz Company is an exemplary electronic component distributor that has over 70 years of experience in excess inventory consignment as well as supplying components to various industries including the military and aerospace markets. Their knowledge and reputation grants them access to a large network of buyers to help turn manufacturers’ excess inventory into profit. Additionally, they utilize their ongoing marketing efforts to ensure that new buyers are attracted to the manufacturers’ products as well.
Time-tested knowledge and experience such as Harry Krantz has is important when entrusting your property to a distributor. If you are not experienced in selling components, which many manufacturers are not, you will require guidance as to how to best manage your inventory. Distributors that have been in business for over a decade are likely to be knowledgeable about the best ways to manage your excess inventory, taking into consideration the current and expected market trends.
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