Excess Inventory Management

Excess inventory comprises of unsold goods that are in surplus over the projected consumer demand for that product. Surplus inventory is usually the consequence of inaccurate demand forecasting, over-buying, a slack economy, reduced consumer demand and cancelled orders. Too much inventory can negatively impact the company’s finances due to quality reduction of the stored goods, increased warehousing costs and tied up business capital. To effectively manage excess inventory and reduce storage costs of excess inventory, Bigtekkii has developed ‘Excess Inventory Management’ service to continuously monitor your stock levels and keep the inventory levels healthy.

Our services comprises of four strategies to choose from. Each program can be customized to optimize the benefit to your company.

1. Liquidation of Surplus Parts

Your company’s excess inventory would be assessed and a competitive offer made to off-price retailers to purchase the excess inventory. Thus through selling of the surplus components , Bigtekki can help free up your tied up capital and recover revenue that would have been lost thereby helping to reach your business targets.

2. Line Item Purchasing

Your inventory will be evaluated and individual line items will be put on bid on our local and global network of customers and suppliers. There are flexible options in this program and we will put our best efforts to sell your excess parts and give you a fair return.

3. Consignment Storage

Your excess inventory would be stored in our insured warehouses owned by Bigtekki. On the sale of each component from your inventory we will share a percentage of the sale with you as per a mutual contract. The advantage of the consignment option would be better utilization of storage and a better financial return than liquidation.

4. E-Waste Disposal

Unused excess inventory often contains certain components such as chips, screens and power supplies that can be reused or recycled. Bigtekki employs several effective methods for reclamation of usable components and reusing them. Bigtekki also protects the environment by engaging e-waste partners to remove all harmful materials from your electronics prior to their disposal like lead, mercury, arsenic and other potentially harmful elements in order to save the environment . Whether you have valuable components to retain, to recycle or reuse, Bigtekki securely performs an effective e-waste management as per your company’s requirements.

Bigtekki understands that excess inventory can create a dent on your financial bottom lines. By allowing Bigtekki to manage your excess inventory, it will help rein your carrying costs, storage costs and also establish your company as an environmentally responsible organization. Your company can contact a Bigtekki Excess Inventory Expert today to start the process and customize any of these programs to best serve your needs. Bigtekki also has access to many Original Component Manufacturer’s warehouse and global manufacturing units that store excess inventory which they don’t require at the moment. Your company can reach out to our executive to send us requirement for supply of any parts or components that is required at present. We shall facilitate the process as early as possible.