Sell Electronic Parts Through an Electronic Component Distributor

Selling electronic parts can be a difficult and frustrating process, especially for manufacturers who are not as knowledgeable about the market as they would like to be. Selling can also be time consuming and involves various procedures in order to ensure that the sale goes smoothly. While some manufacturers are successful at selling their excess components themselves, others choose to hire electronic component distributors.

Distributors typically offer the services of locating and purchasing components for manufacturers, as well as testing their authenticity. However, some distributors have expanded their services to include excess inventory consignment, which allows manufacturers to put their excess components or products on the market but retain ownership of them until they are sold. This is the safest and typically the most efficient way to sell electronic parts, especially due to the rapid changes in the technology market.

Utilizing the services and knowledge of electronic component distributors helps manufacturers better understand the current market trends and get advice on which components are best to sell, keep or buy and when. Furthermore, distributors use their large network of suppliers as well as other marketing efforts in order to sell the manufacturers’ products and components. Typically, the distributor earns a percentage of the sale price for their efforts once the component is sold.

There are several distributors which offer such consignment services, however it is important to choose the right one for you. When researching your options, look at their experience, track record and affordability. It is important to entrust the selling of your excess inventory to a distributor that has at least a decade of experience in the market and has a good reputation. Additionally, their services should be affordable.

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.

Obsolete Electronic Components in The Consumer Market

As technology continues to advance at a rapid pace, obsolete electronic components are being formed on a daily basis. This is evident across all technological markets including the automotive, military, industrial and especially, the consumer market. More so than in any other area, the consumer market sees both planned obsolescence and that which happens due to rapid changes to the technologies.

Planned obsolescence is a marketing technique which helps ensure that the consumer continues to buy new products every couple of years by producing a set number of replacement parts. There are two stages to the planned obsolescence program. First, the manufacturer of parts ensures that their life expectancy is that of 2-5 years depending on the product. Secondarily, only a certain number of replacement parts are made until they are no longer manufactured and therefore considered obsolete electronic components. The combination of these two steps ensures that only a certain number of consumers can buy replacement parts once their parts stop functioning and the rest are to buy whole new products. This is typically done with frequently used electronics such as computers and mobile devices, including cell phones, broadband devices, tablets and more.

Most electronic components, however, become obsolete due to the rapid advancements in technology. The demand for faster, more intuitive and more efficient machines also creates a demand for electronic components of such kind. However, some manufacturers still need the parts which become obsolete for creating other products and are faced with the frustration of finding authentic components and purchasing them for an affordable price. Manufacturers who are experienced in the industry typically employ the services of a reliable electronic component supplier to find and purchase obsolete electronic components for them.

Besides being able to find obsolete parts, which can be an arduous task, suppliers also ensure that the components are authentic through various methods of testing. Depending on the components, testing can include checking OEM markings, physically measuring the device, as well as electronic testing, which typically provides the most accurate results. The use of counterfeit products can cause the finished product to malfunction and furthermore, create a catastrophic situation. Therefore, it is important to hire a supplier that has a proactive counterfeit prevention program.

Harry Krantz Company is an electronic component supplier with over 70 years in the business and a strong counterfeit prevention program.  Several factors contribute to their success including their quality assurance program, affordability and efficiency.

The Best Option For Handling Excess Inventory of Electronic Components

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.

Meeting the market requirements with skilled market strategies

The fast pace at which technology grows and changes across all industries, from consumer to warfare, requires manufacturers to optimize their productivity. Besides having to closely manage their inventory and their resources, manufacturers must also obtain authentic electronic parts at an affordable price. With the quickening obsolescence of components, acquiring authentic components is becoming a frustrating and stressful process for most manufacturers.

Besides being a nuisance, the sale and use of counterfeit components is also one of the biggest threats to the efficiency of production. However, manufacturers that hire reliable electronic component distributors are able to delegate the responsibility of acquiring authentic parts to them. Distributors are capable of doing so rather easily and efficiently due to their large network of suppliers as well as intricate knowledge of the market trends. Additionally, distributors such as Harry Krantz Company have in-house testing centers to ensure the authenticity of the components they sell. For any additional testing, they have networks of testing centers at their disposal.

In addition to being able to find manufacturers components, electronic component distributors are able to provide services such as inventory management and excess inventory consignment in order to further increase the manufacturer’s efficiency of production. An increasingly popular trend, outsourcing inventory management allows for the manufacturer to free up in-house resources and utilize the experience of professionals to manage their stock of supplies. This helps organization efforts as well as space management.

Excess inventory consignment is another service an increasing number of manufacturers are outsourcing to trusted electronic part distributors. With the knowledge and experience they have in the market, qualified distributors are best to advise manufacturers on when to buy, sell, or keep their components and furthermore, they are capable of helping manufacturers sell them, if it is the right time. Consignment indicates that the manufacturer is the owner of the product or component until the point of sale. However, in the mean time, the distributor uses their networks and marketing efforts to sell the component. This service is best trusted to experienced distributors, which have been in the business for a considerable amount of time.

Harry Krantz Company is an electronic component distributor with over 70 years of experience serving manufacturers in various industries, with a specialization in military and aerospace. Their knowledge of the market and ability to adapt to its changes makes Harry Krantz an effective distributor capable of helping their customers by both allocating components and providing invaluable advice.

Electronic Component Distributors Can Secure Authentic Components

The sale and use of counterfeit electronic components is becoming an increasing problem throughout all technological industries. From the consumer to the military, counterfeit components propose a threat to the integrity of the finished product, while in some cases, putting lives at risk. For manufacturers, this is an issue that can halt their productivity, damage their reputation, and even close their doors. To avoid purchasing and using such products, a growing number of manufacturers are beginning to hire electronic component distributor.

Electronic part distributors are able to not only allocate and acquire the necessary components for their clients, but they are also able to test them. The testing process includes measurements, inspection of known parameters and authenticity indications, such as permanent OEM markings, as well as more involved, mechanical procedures such as x-ray and electric testing. One of the more thorough procedures is the electric testing over temperature as it will exert a high-pressure atmosphere on the component to see if it is authentic. This is comparable to telling substances apart by measuring their boiling point. A counterfeit component, in majority of the cases, will not be able to withstand the same duress that an authentic product can.

The allocation process of electronic components, even those that are obsolete or difficult to find, is typically simpler for the electronic component distributors than it is for the manufacturers. The major reason for this is the large network of trusted buyers and seller that seasoned distributors have from whom they can acquire the components. Distributors are also knowledgeable about the market trends are therefore normally able to get better deals for the manufacturers than the manufacturers could by themselves.

When researching your options of distributors, be sure to consider their experience in the business, their reputation and the amount of product they have in-stock. Experience is an important factor to take into account as the more experienced companies are more likely to have a larger, more established network of sellers. Distributors with a large inventory are also more likely to be able to get you the product in an efficient manner.

Harry Krantz Company is a reputable supplier that has specialized in allocation and sale of authentic military parts for over 70 years. Although they provide electronic components to numerous industries, Harry Krantz Company specializes in providing authentic parts to the military and aerospace industry.

Will The Recent Sequester Affect Military Components Market?

The acquisition of military components is often a frustrating task for manufacturers who are not utilizing the services of an electronic component distributor. However, the recent developments of the sequester will greatly affecting the purchasing allowance of the Department of Defense for military products is creating an even bigger problem for the supply chain. The sequestration which began on March 1, 2013, calls for a $46 billion spending reduction, $41 billion of which will be made through ending of contracts with military product suppliers and cutting their extensions.

While the sequester provides an additional obstacle, the old ones will continue to ensue. Specifically, the threat of counterfeit components continues to be immense across all technological industries. The use of sub-par components in the military can be especially catastrophic as lives of both soldiers and civilians could be put at risk if the product malfunctions. Subsequently, this will mean loss of profits and reputation for the issuing company.

The sequestration of the Department of Defense may have a positive effect on the sale of counterfeit products as manufacturers will have to be especially careful of the components they are purchasing. Counterfeit prevention can be ensured for manufacturers by hiring electronic component distributors to test their military components prior to utilizing them in production. When looking for a reliable supplier, consider several factors including their counterfeit prevention system, years in the business, and affordability.

Partnering with the right electronic component supplier is now more important than ever before. As the industry will inevitably shrink during the sequester, it is important to create a tight-knit circle of servicers a manufacturer can rely on. As always, quality should be the prevalent concern and a distributor with the best counterfeit prevention program may be your best option. For instance, Harry Krantz Company ensures that all of their inbound and outbound inventory is subject to a 30-point quality inspection checklist in accordance with the IDEA 1010 standard. In addition to their in-house testing, they also collaborate with outside qualified testing labs to ensure their customers receive quality components in a timely-manner.

Quality products must also come at an affordable price from a supplier that knows the market trends. With over 70 years in the business, Harry Krantz Company understands the military component market and is able to advise their customers on when to best buy, sell or keep their components.

Why Choosing an Obsolete Electronic Components Distributor Can Boost Efficiency

Obsolete electronic components are pieces of electronic equipment used in production that have been, willingly or unwillingly, phased out of production by the original manufacturer. These components become obsolete mainly due to the invention of newer, more advanced and efficient technologies, though other reasons do exist. An obsolete component may still be in demand by companies other than the original manufacturer for their production, but can be difficult to find. To save time and frustration, manufacturers typically hire electronic component distributors to provide them with the necessary components.

The prevailing cause for the formation of obsolete components is the development of newer, faster technologies that would compete for public demand. Another reason is a planned phase-out of the product by the original manufacturer, which is a marketing tool that forces customers to replace a product after a certain amount of time. After a company has sold a predetermined amount of their product, they halt production on its replacement parts, and when such become obsolete, consumers have to purchase the newer versions of such product. This type of planned obsolescence is often witnessed in the computer industry. Other factors include a government-issued or environmental ban on the products. For example, if a component is not recyclable, it may become obsolete.  Government bans, especially if they are widespread, can cause shipping problems for the purchaser, which in turn can halt production.

It can be difficult for a company to find the obsolete electronic components necessary to continue production; therefore it is advisable to work with an electronic components distributor. Such distributors purchase and stock obsolete components for their customers, and may boost a manufacturer's efficiency by saving them money and time. For example, by utilizing the services of a supplier, manufacturers can get the necessary obsolete electronic components directly from a distributor and avoid any issues that involved in shipping banned products internationally. The sale and use of counterfeit components is another serious problem faced by manufacturers which can be remedied by employing the services of a distributor. A distributor will assist in finding authentic parts from a reputable source, saving the manufacturer the financial mishap of unintentionally purchasing counterfeit components.

Harry Krantz Company has over 70 years of experience in obtaining obsolete components. They comply with all government regulations and their counterfeit assurance program is strict and thorough to ensure their clients’ satisfaction.