How To Sell Electronic Parts

As the market evolves and new components appear on the market, you may find the need to sell your old components. If you are a manufacturer, knowing how to sell your electronic parts efficiently and profitably is imperative. Manufacturers that are able to do so maximize can maximize their profits.

In order to sell electronic parts for a profit, it is important to understand and keep up with the ever-changing market trends. One of the ways to do so is to employ an individual or a team who understand the market, can measure the value of the old components, and sell them in an efficient manner. Although some companies choose to employ in-house, it can be costly and take away from the profitability of selling components.

A more cost efficient method of selling components is to hire a reliable electronic component distributor. As a third party, distributors often make it their business to sell components for manufacturers. Because they are experts in the field and have the proper connections, they can help you sell your electronic components profitably and efficiently. In many cases, the distributor will charge a percentage of the price they sell your parts for, encouraging them to sell for a higher price and therefore, make you a bigger profit.

Overall, using a distributor is typically the best way to get the highest bid for your components. Some distributors even participate in excess inventory consignment, allowing you to have your unnecessary components on the market for sale, but retain the rights to them until they are sold. This is especially productive for manufacturers that are unsure if they want to sell certain components or what they could get for them in the current market.

Harry Krantz Company is a reputable 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.

To protect their customers’ reputation, they comply with all of the government regulations. Harry Krantz Company holds the ITAR registration and is ISO9001:2000 and AS9100:2004-01 UL certified. Additionally, they help sell finished products as well as electronic parts.    

Where to Find Obsolete Electronic Components

There are a plethora of industries that require the use of different electrical components, and since these components are being replaced by newer, better versions, components for industries like medical, aerospace, automotive, and others tend to become obsolete rather quickly. This leaves the industry to search for where to find the best obsolete electronic components. With a little research and searching, finding the right components isn't as hard as you may think.

When needing to search for obsolete components, there are several factors one should consider. While it is true that technology is moving at record speed today, many people in certain industries find that it is more cost efficient to hold onto older electronics than to replace them with newer versions. When this is the case, finding a electronic distributor that deals in quality obsolete components is an absolute must. This can allow companies to save money, time, and headaches when they can trust their distributor. Luckily, there are more people out there now that deal with older electrical components, so finding the right one for you isn't as difficult as it used to be.

There are plenty of sites on the Internet that you can turn to when you want to find out about the reputation of a company. This can prove extremely useful when searching for the right electronic distributor that can meet your needs without forcing you to update all of your electronic equipment in a  market that is constantly getting newer versions. When you have a product that needs to have quality, replacement parts, a search can yield you tons of information about a company. You can often find out how long they have been in business, what sort of products they specialize in, how trustworthy they are, and even if they offer a good value for your money. This can allow you to get all of the obsolete electronic components you need without having to go with multiple distributors.

Be careful when looking for the right distributor, as some companies use counterfeit parts or inferior materials in their products. This can cost you much more than money if someone is hurt due to faulty electronic components. This is the reason that hunting for the right distributor that deals in obsolete equipment is crucial. When you find the perfect one, you can save time, money, and the important reputation of your business.

How to Find Reliable Electronic Component Distributors

There are many various industries that need reliable electronic components to be able to succeed in their fields and get their jobs done. Some of these industries are military, aerospace, medical, and auto. Not only do these industries have to be certain that the distributors they choose can create precision machine parts, they have to also choose a company that can handle large orders at the same time. Finding a reliable electronic component distributor is crucial for these industries to maintain their high standards and reputations.

Some of the things that are important when deciding on a good distributor is their reputation, experience, the ability to fill orders promptly, and the cost associated with their service. It is important to take the time needed to find the best distributor that can handle creating the parts needed without worry of defect or inferior products.

With the proper research, it is possible to find a company that has been in business long enough to have established a good track record with many customers. When you can go into business with a company that always gets it right, you won't have to waste time and money by having to work with several different electronic component distributors. This is also important to make certain that the company makes genuine parts, and that none of their products have been counterfeited. Counterfeit or inferior products an issue that can cause terrible problems with the industries' reputation, bottom line, the efficacy of their products, and can even place consumers in peril if the parts prove to be defective.

It is also vital to be sure the distributor has a wide array of choices when it comes to components. Since parts tend to become obsolete quickly, you should make sure that they still keep these parts available afterward, so you don't have to scramble around searching for parts from different companies.

Your distributor should be able to easily handle all of your big or difficult orders with quick delivery. The length of time it takes to receive an order can make a huge difference in any industry. Research is what will show you which companies out there will be able to give you the fastest turnaround time along with allowing you the finest quality components at competitive prices every time. Spending some time comparing and contrasting companies can make the difference in having a great relationship with your distributor, or a constant headache and loss of profits.

QTSL Certification Makes A Difference When Partnering With An Electronic Component Supplier

The Defense Logistics Agency and Maritime’s Qualified Testing Suppliers List (QTSL) certification is awarded to electronic component suppliers who value quality assurance and state-of-the-art detection procedures against counterfeit electronic products. The Defense Logistics Agency awards a small selection of suppliers each year that work directly with government and military systems. In its constant efforts toward quality assurance, Long-Island based Harry Krantz Company received the QTSL certification after a comprehensive audit with the Defensive Logistics Agency in March 2013. By the Defense Logistics Agency’s standards, Harry Krantz Company is a qualified distributor eligible to supply Federal Stock Class (FSC) 5961 and 5962, military and commercial grade product.

QTSL products are from suppliers, such as Harry Krantz Company, who implement top of the line anti-counterfeit programs that adhere to industry and international standards. In order to earn the certification, each company must undergo a thorough and extensive evaluation that monitors their quality management system and inspection methods. If you are looking to partner with an electronic component supplier, such accolades are an extra seal of assurance that you are working with a trusted company. If you are unsure what to look for, many electronic companies seem very similar. However, it is important to get a deeper look at their procedures and certifications. Common anti-counterfeit detection methods that are important to look for are X-ray screening, lab testing, physical examination and DNA marking.

Proper inventory management and a large inventory selection are also strong points when comparing electronic companies. When partnering with an inadequate supplier, consumers are putting themselves and their own clients at risk. Hiring an experienced supplier that is certified by the Defense Logistics Agency, or other national or local organizations, adds an extra peace of mind. As a consumer, you want to be reassured that these necessary procedures are in place.

What Does QTSL Certification Mean For An Electronic Component Supplier?

When an electronic component supplier is deemed eligible for the Defense Logistic Agency and Maritime’s Qualified Testing Suppliers List (QTSL), it says a lot about their ability to maintain quality assurance in every aspect of the company. The Defense Logistics Agency certifies only a handful of distributors that work directly with government and military systems. Before certification, a company must undergo an intense and extensive audit that evaluates their quality management system and inspection procedures. If a supplier is certified by the Defense Logistics Agency, audits are repeated every three years to make sure a company is consistent with their effective tactics.

According to the Defense Logistics Agency, QTSL products are from suppliers that practice solid counterfeit avoidance and quality assurance procedures that measure up to the highest of both industry and international standards. When it comes time to choose an electronic component supplier to partner with, certifications like this can make a big difference. Within the electronic industry, counterfeit items are a growing concern for both distributors and consumers.  Knowing that a company holds such a prestigious certification in counterfeit avoidance speaks volumes. If a counterfeit item enters your supply chain, you are putting your both your business and your clients at great risk. Knowing that a company has been evaluated and certified by a national agency based on their quality assurance procedures also says a lot for their company. Proper inventory management, state-of-the-art products and consistent customer service solutions are not always easy to come across and are the keys to a successful business in the electronic industry.

Harry Krantz Company is a qualified distributor eligible to supply Federal Stock Class (FSC) 5961 and 5962, military and commercial grade product.

Why CCAP-101 Certification Is Important For Independent Distributors

In the electronic component industry, anti-counterfeit programs are essential. While the production of counterfeit components in a multi-billion dollar problem, companies handling electronic components must take all the precautions possible to ensure they are authentic and safe before they enter the supply chain and more importantly the hands of a consumer. Electronic component distributor must practice counterfeit avoidance procedures on every item that enters their supply. Procedures range from X-ray screening, lab testing, DNA marking and more. Some distributors take an extra step by applying for national certifications in anti-counterfeit programs such as the Counterfeit Component Avoidance Program (CCAP-101) certification through the Components Technology Institute in Huntsville, AL.

Counterfeit electronic component distributor pose a huge threat to companies and consumers. When an item becomes obsolete, counterfeit copies are usually produced because the item is more difficult to find, but counterfeit components are not just isolated to obsolete parts. If a counterfeit electronic part is unknowingly accepted by a distributor, their business is at risk for a loss of revenue. The consumer who ultimately purchases that part is also at risk. Electronic components are necessary to almost any industry, but counterfeit components are especially harmful when they are distributed within military and government systems. With the rise in counterfeit parts and the potential danger they cause, it is wise to work with a company that is certified. Before becoming certified, distributors must pass a thorough audit performed by the Components Technology Institute. The evaluation examines every aspect of the distributor’s quality management procedures and capabilities against counterfeit components. Certified distributors must utilize state-of-the-art counterfeit avoidance tactics, like X-ray examinations and lab testing. Certifications are active for 12 months before the distributor must be re-evaluated for renewal, and can be revoked or suspended at any time if an independent distributor is found to be carrying counterfeit items.

What To Look For In A Reliable Electronic Component Distributor

Working with a solid outside source for electronic components can be very beneficial to any business. By working with a distributor, you can save yourself a significant amount of time and money, as well as acquire only trusted, quality products. To guarantee yourself and your company these benefits, you must make sure you find a distributor that is reliable and experienced within the electronic industry.

When it comes time to order electronic components, several precautions must be taken. Electronic components are vital to almost any field, but that doesn’t mean everyone is well acquainted with them. Partnering with an Electronic Component Distributor can help eliminate any confusion. Familiarizing yourself with a distributor before making a commitment is a smart approach. A reputable distributor will stay up to date with the most recent technology to avoid counterfeit products. Technology is constantly changing and the latest tools and techniques are necessary to ensure electronic components are authentic. Standard counterfeit detection methods range from microscopy, x-ray examination, DNA marking and outside lab testing. Taking an in depth look at the distributor’s inventory is also very important. You want to make sure they carry a wide range of items should your needs ever change. A back-up stock of items is a major plus as well, incase you ever need a surplus of supplies due to increased demand or if you need to place an order in advanced. Consignment services are also something to look for when shopping around for a distributor. Many electronic distributors offer custom consignment partnerships that help you manage your inventory better. Excess inventory can build up and pose a dilemma for smaller companies. Through consignment, you can rid your shelves of these items in a safe way that brings you money back. Larger distributors will usually have a decent network of colleagues and clients looking for specific obsolete parts.

Long Island-based Harry Krantz Company is the largest Electronic Component Distributor in the world today, specializing primarily in high reliability components for military and government systems. With more than 70 years of experience in the electronic industry, the professionals at Harry Krantz Company strive to provide dedicated and personal service to every client. Through proper quality management, secure item analysis and careful inventory management, Harry Krantz Company remains at the top of the electronic industry.