Understanding how to price your surplus inventory is a crucial step in the recovery rate. Our Big Data consists of 50 billion data points from thousands of manufacturers and authorized channel partners.
Through this data and 28 years of industry experience, we determine real-time market conditions for each part. These data points help us identify which parts are sellable through our service and how we can maximize resale value. Some of the largest companies in the world sell their surplus inventory through our program.
We’ve trusted Partstat with maximizing our return on our surplus for over 10 years. Partstat takes a different approach to selling surplus material with their open platform and complimentary Surplus Inventory Analysis. As Purchasing Manager, I don’t have the bandwidth to manage every intricacy of the surplus selling process - I’m grateful Partstat does!
The revenue we’ve realized partnering with Partstat over the past 8 years has been exponentially greater than we could have expected attempting to sell surplus material on our own. We attribute this to the platform’s ability to locate the right buyers at the right time leveraging Partstat’s big data, exposure we definitely do not have access to in-house.
We combine our Big Data with the experience of trained product specialists who provide a line item analysis of your surplus inventory.
Here is some of the information you will receive in the Surplus Inventory Analysis.
Click here to request your Free Surplus Inventory Analysis Report.
We provide visibility of surplus inventory to your entire global footprint which eliminates double purchases. Through our online customer dashboard, companies can view current surplus inventory sales and request inventory transfers.
Making your surplus inventory visible to thousands of potential buyers on Partstat is our top priority. The inventory will be uploaded to the Partstat platform once received and inspected.
There are over 34,000 searches per day on Partstat from buyers of all types. By design, Partstat is an open platform that is also indexed by all major search engines including Google, Bing and Yahoo. This maximizes exposure to potential buyers that are looking to purchase your specific parts, even if they are not using Partstat.
We use our information to understand real-time market conditions for each part including current global availability, lifecycle status, factory lead times and more. This data helps our experienced sales team understand how to price your inventory at the point of sale which is a crucial step in the recovery rate.
Partstat will handle all sales calls, fulfillment, and logistics, as well as provide a total reconciliation of shipping, invoicing, and payment collection.
In the final stage, after we have maximized your return utilizing our robust marketing strategy, we can facilitate a commodity lot bid process, in which we will auction off remaining inventory to the highest bidders.
Surplus and obsolete inventory negatively impacts the profitability of OEM and EMS companies in several ways. Surplus inventory ties up working capital, preventing the ability to apply that capital more strategically. Working capital that has been invested in inventory, especially any surplus inventory, has a negative rate of return and the longer it sits without an exit strategy, the more diminishing returns can be expected.
It’s worth noting that surplus inventory is usually sold off at large discounts. It’s not uncommon to see up to a 95% loss or write-off. This obviously has a negative impact on a company’s margin and, thus, its profitability.
Some of the largest brands in the world trust Partstat to manage and sell their surplus inventory.
Our dedicated staff has received extensive training and are experts in inspection, ESD, and MSL packaging protocols. Partstat provides warehousing and fulfillment for all types of inventory from board-level electronic components to industrial products. Partstat provides the industry’s best practices; our proficiency is acknowledged by our ISO 9001 and AS9120 certifications.
At Partstat, we owe it to our customers to give them peace of mind. Quality is extremely important to us and has become part of our culture here. We conduct a thorough quarterly review of all our processes to ensure the highest ongoing quality and efficiency. The facilities we use in our Surplus program have been audited by companies like GE, Boeing, and Philips.