Thursday, July 25, 2013

Are You Looking to Sell Electronic Parts?

Selling electronic components can be a challenging task, especially if you are not experienced in doing so. Many manufacturers make the mistake of thinking that since they are able to compose a product that they know the value of the components in the market. Unfortunately, the electronic component market is highly fluid and changes almost on a daily basis. This is becoming increasingly evident as the growing demand for newer, more efficient technologies is pushing many components into obsolescence, seemingly overnight.

Because of this, more and more manufacturers across all industries are realizing the need to manage their inventory efficiently. However, most are not knowledgeable in which components to sell, keep or buy more of. In this case, it is beneficial to hire a professional distributor that offers excess inventory consignment services.

Excess inventory consignment is the safest way of profiting from your unused components. An experienced distributor first evaluates your inventory and educates you on when to sell electronic parts, or when to keep them or buy more. This evaluation will give you a better idea of the market trends and the relative profit you can expect from selling your components. While engaging a distributor does not guarantee that you will make a profit on your components, it does raise your chances.

Once you decide to put your excess inventory for sale, the distributor will start using their marketing resources and extensive network to promote your components. However, the components remain under your ownership until the point of sale, allowing you to take them off the market if you need to. It is suggested, however, to take the advice of the distributor in order to make the most profit. The distributor will also provide you with invaluable knowledge about when to purchase more of any components you may need. Selling your components or products through consignment allows you a certain level of control which is a comforting aspect considering the often unpredictable nature of the electronic components market.

Harry Krantz Company is an exemplary electronic component distributor that has over 70 years of experience in excess inventory consignment. Their expert ability to help companies sell electronic parts streams from the large network of buyers they have worldwide as well as their continuous marketing efforts. Furthermore, their knowledge of market trends enables them to advise the companies wishing to sell on when it is best to keep, buy, or sell certain components.

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