Returns Management

Managing Excess Inventory

"Two months ago, we transacted large quantities of 16-meg Intel flash (memory chips) for $85 each. Now they're going for $8" on the spot market, says Greg Hickox, vice president of global trade with Converge, an electronics parts broker. Do you know the true cost of excess inventory? When you consider the cost of the goods plus organization’s cost of money, storage, drop in product value, etc, it quickly adds up to some serious money. In 2001, Cisco Systems took the biggest inventory write-off of US$2.5 billion and Lucent Technologies took a write off of US$563 million.

Contact us today to find out how companies are managing their excess inventories and achieving good returns from a programme of progressive disposition process covering proactive identification of at risk inventory and reviewing disposition alternatives for maximizing recovery. Using a solution by FreeFlow USA on the management of excess inventory which will enable manufacturers to improve their product lifecycle profitability with continuous identification & disposition of at risk inventory. FreeFlow also provides the execution alternatives ranging from intranet-based auctions to proactively market excess inventory to your managed broker auction designed to quickly move obsolete & refurbished inventory Email: mark@asiascm.org