Sell obsolete parts inventory

Sell obsolete parts inventory

The installation of any part in the model firearm for which it is designed requires careful fitting to insure proper performance. Our experienced entrepreneurial leadership has over 35 years of experience and a network of customers and suppliers around the world. It’s varied and you can easily find lots of ways to unload the old stuff. Instead of 20,500 different stock items, the retailer actually needed only 17,500. One parts manager's junk is another parts manger's treasure so to speak. Large supply of HIGH END vintage and modern Parts Campagnolo 90's ano, Dura Ace XT/XTR and complete bikes . About Us. Images are provided for most of our parts. Auto repair services Idle Parts Brokers Obsolete Parts Brokers Idle Parts Buyers Obsolete Parts Buyers IDLE PARTS BROKERAGE FIRM COMPARISONS While there may be many concerns among Parts Managers in the auto dealer industry; the number one concern among most Parts Mangers is idle inventory. The Average Days to Sell Inventory ratio alerts the business owner to how long on average, in days, it takes to sell each item of inventory. ALLSTATES SURPLUS is a worldwide supplier of surplus equipment, parts, and industrial inventory. If you start the year with $100,000 of obsolete product, that inventory will have cost your business $25,000 due to storage, damage, shrinkage, and the cost of money by year-end. With Partsfisher, they’re able to expose their parts to millions of potential buyers and sell the parts at deep discounts, at cost or even below cost just to keep their inventory dollars moving. The accounting method for this expense is for the business to determine if the inventory Bulk Inventory Buyers Purchases Excess Inventory and Closeouts. Careless or improper fitting may affect the operation of the firearm to a point where possible injury to the user may result. Whichever way you measure it, to control obsolete parts you need to review inventory reports on a regular basis. The inventory turnover ratio measures the number of times inventory has been turned over (sold and replaced) during the year. Disposing of obsolete product and material strengthens your working capital and cash flow enabling investment in producing assets. Many of the parts are multiples, the picture on the add may or may not be the exact part you order however all the parts will be as described in print and image. This is a selection of our latest back in stock obsolete parts. AML does not pay the original cost, only a percentage. Services. New in the box, obsolete, reconditioned, and custom electrical equipment such as: circuit breakers, Mounting hardware, Bus plugs, Custom controllers, dry transformers, panelboards, motor control, replacement parts, MCC & Buckets, Safety switches. It's taking up space in the warehouse, it isn't selling, you're losing money just holding on to it. com for a fast no obligation offer. Regardless of what inventory you are looking to liquidate, we can provide a step-by-step detailed recovery plan to closeout your inventory. PartsBrokerDirect is the simple, hassle-free way for dealers with idle OE parts inventory to connect with dealers eager to purchase those parts. PCC has three programs to help solve surplus inventory problems, be sure to check OUTRIGHT PURCHASE, REVENUE SHARING, and OTHER PROGRAMS. Simply put, TradeMotion is the preferred parts and accessories eCommerce provider to many of the world’s best-known auto manufacturers and dealer groups. Dead inventory is often a result of stocking products that were either forecasted by sales or based on historical sales data. Obsolete inventory is one of the largest components of inventory cost and often is larger and more costly than executives are willing to admit. We take every precaution to see that the vendor’s primary distribution channel is not disrupted; we only sell to end users. The selling dealer gets rid of idle inventory, the buying dealers get instant profits by buying parts at a large Sell Your Excess Inventory of Obsolete Electronics. pl Iga Kott Czestochowa University of Technology, Poland igakott@interia. Some of the options for handling the excess inventory include virtual consignment, physical consignment, barter or trade, outright sales, or donating to a qualified source for a tax beneficial reason. Quantities are limited. Our vast inventory of parts cars (over 1. Jameco is privately held, with significant cash resources available for opportunistic buys. We completely understand that you’re trying to get rid of your excess inventory for a number of reasons, whether it is to clear space, get rid of items that didn’t sell, or to free up your cash on hand. Sell parts at a local swap meet. what you can. more Write-Down IC Plus, Inc, buys all types of excess electronic components, from active to passive as well as leaded to RoHS compliant obsolete components. Many of these companies actively search out dealer inventory to buy. Excess and obsolete spare parts inventory constitutes one of the key problems of production management. com for a consignment evaluation. Cash in on your excess inventory! We’ll find buyers for those discarded or unused excess inventory that are collecting dust and taking up your precious storage space. How to Avoid Obsolete Inventory. If you don't - the inventory you need will go obsolete and you will loose a lot of profit on your redesign. We offer Western Wisconsin's largest inventory of used Harley-Davidson parts and our new old stock (NOS) inventory is growing all the time. Our Ford parts inventory represents all Ford and Lincoln / Mercury products from 1950 to the present. Obsolete Inventory: Book vs. All of our new aftermarket parts have been tested for quality and fit checked by us here at the shop. S. Barter or trade usually involves considerable excess electronics being sold in exchange for components the independent has for your future requirements. This allows you to deplete existing inventory but not build or buy more of it. Whether its excess, underperforming, damaged returns, obsolete or short date food, we can buy it, and end your inventory problem today! Buying Surplus or Obsolete OEM Dealer Inventories - Auto Body Parts offer brand is Manufacturer, Miscellaneous Keywords: Auto Body Parts, Buying Surplus or Obsolete OEM Dealer Inventories, Auto Body Parts, Auto Body, Auto, Parts, Body, Window Glass, Complete Window Assembly, auto body shop, auto body repair Radwell International is the one source to liquidate your excess inventory. Many businesses do this at their year-end because it ties in with accounting and filing income tax. We sell quality new aftermarket chainsaw parts for many popular makes and models. After two years give up even selling it above your cost, just get out of it, get your money and try again with something else. com sells New old Stock auto parts (NOS) , Original equipment manufacturer parts (OEM parts) and vintage aftermarket replacement parts (NORS -new old replacement stock). Our inventory of NEW chainsaw parts for current model Efco, Jonsered and Dolmar chainsaws is unmatched. We also process and administer a parts return program from your distributors and dealers. Obsolete inventory can be a pain to deal with. Spare parts management is a science: The trade off between managing parts inventory and meeting service levels construe into a need for forecasting accuracy, managing parts evolvement and high analytical capabilities. For same day shipment please call 800-743-3768 More importantly, about 3,000 of the overstocked parts were considered obsolete. We are a broker-based service with a personal broker assigned to you to assist you in moving inventory according to your needs. However, it believes there is a market for the roasters through a reseller in China, but only at a sale price of $20,000. 15 Ways to Get Rid of Obsolete Inventory. Single item buy Obsolete Inventory: Book vs. Sell Auto Parts “Our business will only succeed if we are fair, with both the Suppliers we purchase from and the Buyers we sell to. If you have slow moving inventory, or obsolete inventory that you can still sell, you change the Item Type to Discontinued. Your dealer management system should allow you to review the aging of your inventory. Harald’s Small Engine has been collecting obsolete and hard to find parts for 30 years now and needless to say lawnmower salvage as well. To rectify the situation, the company invested approximately $75,000 to address the understocked items. As a result, this can result in extreme losses for a business. Just send us a spreadsheet with the items you are interested in selling – include the part number, manufacturer, and condition of each item – and we’ll make recommendations on pricing. sell obsolete Sell Excess Menu. Surplus Auto Parts & Consumer Goods. PartsVoice. Sell single line items (Line item purchase) Send individual line items to Freedom EMG and we will bid to purchase those specific items only. Many suggest optimistically (and often sheepishly) that there is no such thing as obsolete inventory because it will sell someday. pl Monika Strzelczyk Czestochowa University of Technology, Poland monika. If you have some new GM parts laying around in boxes and need some cash then send over an email to. But a recent discussion on the DealersEdge Parts Manager Forum pondered whether parts managers could do the same thing - write down the value of idle or obsolete parts inventory, keep it on the shelf for later sale, and take a tax deduction for the diminished value. • Parts with no sales in 7 months have about a 30% chance of ever selling. Often such inventory is reduced by selling it below standard cost or donating it to charitable organizations. excess2sell. Of course, they often pay only a small fraction of cost. Inventory should usually be sold within 90-120 days. What is old again Charlie? Over 1 year old. We specialize in GM New Old Stock (NOS), classic and vintage car parts. 1. Our inventory Sell Us Your Excess Inventory We can buy and/or manage your excess inventory and currently have over 3,000 BOMs recorded in our database, so finding buyers for your excess has never been easier. Disposing of obsolete inventory could be your most profitable sale. 5. Regardless of how lean you’re able to keep your warehouse, you will likely have to deal with obsolete inventory at some point. 974 times per year, you would use the following formula: This is a selection of our latest back in stock obsolete parts. All parts must be new and still in original GM packages. We Can Pay Cash or COD For Your Surplus. We Buy Excess Inventory Lot Buy. Stop wasting time, money, and effort on excess or obsolete inventory; let us do that. The interface and integration is easy to use and they are always adding new content so our listed parts are easy to find for our customers searching the internet. Within QuickBooks 2012, you record inventory disposal by adjusting the physical item count of the inventory items. This inventory will not sell for a long period of time and is not expected to sell in the future. The Problem of Excess and Obsolete Inventory Management on the Example of Spare Parts Katarzyna Grondys Czestochowa University of Technology, Poland katarzyna_grondys@vp. Excess stock that is not liquidated typically transitions to obsolete stock, which almost always leads to a large and painful expense on the books. We do not sell any currently manufactured Reproduction parts. The IQR% is Active inventory dollars divided by Total inventory dollars. The deduction received in this case is equal to the amount of the fair market value, Based in Stoke on Trent, Obsolete Car Parts Buyers are looking for obsolete stock, be it from Main Dealers, Motor Factors, Garage closures etc. From just one small part all the way up to huge bulk lots of nos parts. These categories of scrap cover steel scrap, machine shop turnings, plate scrap, punching scrap, copper bearings scrap, brass scrap, old scrap zinc, tin scrap, scrap lead, nickel chrome, stainless steel, old packing materials, used paper, and so on. Service parts inventory is at the heart of every successful aftermarket parts and service operation and if your business is carrying too much excess and obsolete service parts inventory, then this is not the kind of problem that happens overnight. We either came upon or acquired them recently from our daily buys. The Industry’s Most Comprehensive Solution to Locate, Buy, Sell and Manage your OE parts Inventory With over 9. Thirdly, inventory also refers to a listing for a specific purpose. Welcome to Green Sales Company, supplier of obsolete Ford parts and Lincoln / Mercury parts. Used properly, this can be a win/win for all parties involved. We will evaluate the parts inventory and will give you an offer within2 4 - 48 hours. TradeMotion offers unique tools to make digital sales and success. Perhaps you have too much of the inventory item and will never be able to […] Surplus inventory: Avoid it, identify it, sell it. We stock parts from over 30 major brands in 20 different industries including Manufacturing, Construction, Machine Tools, Transportation, Recreation and much, much more. Close-out Sales – Discount prices to customers 3. If the parts that you require are not in our ready-to-ship inventory, we have access to over 100 million line items from our trusted vendor network that is comprised of inventory from manufacturers, franchise distributors, OEM/CM excess inventory, independent distributors and other approved global sources. " Brian, Nordstroms Automotive Inc. There is no Obsolete status in GP. We may be interested in any new GM parts you are looking to sell. To submit a list, please email us at or call John Fluman at 323-207-1044 ext. Obsolete or dead inventory is stock that can no longer be sold because the product has reached the end of its life cycle. Our inventory includes OEM and aftermarket in both obsolete and current production parts. pl Writing off inventory means that you are removing some or all of the cost of an inventory item from the accounting records. Obsolete Automotive Wholesale of VA NOS OEM Auto Parts We stand by all the parts we sell and guarantee they will still be usable and function in their application We make your parts disposal very easy and effortless. We will collect your obsolete parts and pay a percentage of the retail price. Liquidate Excess Inventory with AML. Slow moving spares and parts for older vehicles take up valuable storage space that should be used for fast selling current stock. New or Used, Current or Old, you can make money as well as go green. If you are interested in selling a lot of components send an email to excess@rightpartsonline. Spare parts = PPE or Inventory? The first major issue with spare parts is to determine whether they are considered as “inventories” and thus accounted for under IAS 2 Inventories, or they are considered as “property, plant and equipment” and thus accounted for under IAS 16 Property, Plant and Equipment . If you sell obsolete inventory to a liquidator for $100, and the inventory has a market value of $1000 at the time of the sale, you have a $900 deduction for the sale. Stock-Point Electronics is a global leader in supply chain solutions for allocated, hard-to-find, end of life (EOL), long lead-time, obsolete electronic components for the Commercial, Medical, Industrial, and Military/Aerospace Industries. If items haven’t moved in this amount of time, it’s time to get rid of them. Obsolete Inventory Accounting Example Milagro Corporation has $100,000 of excess home coffee roasters it cannot sell. Inventory management solutions Companies such as AAR, AJW and Aviall all offer numerous solutions to help airlines improve their spare parts inventory management, including full support programmes, power-by-the-hour (PBH) agreements, cost-by-flight-hour programmes, forecasting, web tools and managed repairs. Obsolete inventory is inventory that a company still has on hand after it should have been sold. Selling it – This does not mean selling the inventory at a reduced price to your existing customer base. Some dealers say a part is obsolete if it has not sold in a year, others use a smaller window. We are in the aerospace capital of the world and have been able to accumulate quite an inventory of aerospace quality surplus equipment and parts. Call us today to post your inventory. g. Bona Fide Sales. What Write-offs remove excess inventory from books -- not shelves / Accounting move can often distort firms' financial data In the past few weeks, a steady stream of tech companies has been writing off That is, obsolete inventory is carried at estimated selling price in the ordinary course of business less predictable costs of completion and disposal. How to Avoid Obsolete Inventory by Rick Pay Obsolete inventory is one of the largest components of inventory cost, and is often larger and more costly than executives are willing to admit. Rather, this is the sale of inventory to a place such as a liquidator or junkyard. Everything else in this section is just here to show you what you probably already know by now, you can trust the crew in blue to sell your inventory. TruckPartSurplus. The methodology section explains about the carrying cost ratio that would help inventory managers to adopt best practices to avoid obsolete inventory and also reduce excessive inventory levels. com is THE solution for overstock, over-runs, over-buys, obsolete, excess, and slow moving NEW heavy duty truck parts. Contact Information: Oldsmobile Obsolete Address: 10970 Peninsula Place, Lolo, MT 59847 United States. Call us today to customize a program that suits your company best! the source for hard-to-find oem parts OSMIparts. ) 1-Source has all grades of electrical parts, including mil-spec, industrial grade and commercial grade parts. The challenge with most of these companies is that they do not pay very well. Inventory management is the art of making in-demand products available when customers want them while keeping inventory costs low. Electronic component distributor with huge inventory of integrated circuits (ICs), discrete semiconductors, capacitors, resistors, buy sell surplus, obsolete electronic components, authorized distributor of OptiFuse, NTE, Freemont Micro Devices, Rayon, Richey Capacitor, A-Crystal, … same day shipping, new parts added daily. It's critical to implement a business system that allows tracking of promotional, internal transfer, component, special order and direct demand. Use as rewards for customers Repackage products that cannot be re-sold, such as flowers, fruit baskets, or other perishable items as rewards for your long-time customers or new customers. . , storage, insurance), and losses if the items become obsolete. Another opportunity to get rid of obsolete items is through some of the larger companies on the Internet that sell auto parts for all makes and models. That is of course best case. “One man’s trash is another man’s treasure”. The same can be said for the local flea market. 101. World Trading is one of the largest liquidators and distributors of excess auto parts from various automotive aftermarket suppliers as well as OEM and Tier 1-4 suppliers in the United States with over one million square feet of merchandise. PSI can sell your spare parts on consignment - If you would like for PSI to sell your inventory while you keep the items on hand “just in case,” we can do that, too. One-Time Sale to Specific Customers – Sale of large block to one customer at a discount 4. Industrial distributors must maintain accurate demand statistics by item, product, period, location and customer. 9 million OE parts in the virtual network per month, and over 22,000 visitors per day, D2DLink expands your buying and selling territories and connects you with a large dealer network to quickly, accurately, and efficiently buy or sell OE parts. Sell Your Parts As the OEMs have cut back on their dealers' allowance for obsolescence, technological advancements have made it possible for dealership parts managers to move idle inventory even some obsolete parts through so-called inventory trading companies. Liquidators, Exporters, Wholesalers, and Fulfillment Partners of Surplus Automotive Parts. In such cases, attempts should be made to sell surplus and obsolete materials to those firms. Sales expos are great methods to sell excess inventory as well as build a brand reputation. REDUCE warehousing costs, REDUCE aging inventory & OPTIMIZE warehouse space by selling us your unwanted inventory. There is no standard definition of an obsolete part. 1-Source Components has the highest availability of electronic components, as well as hard-to-find items, including allocated and obsolete parts, and surplus electronic component parts too. Since 1992 MRO Surplus Solutions has been working with corporations and individuals to help them turn their obsolete or excess spare parts inventories into cash. With thousands of motorcycle parts in stock, we have the motorcycle parts you want or can easily get them for you. It is calculated by dividing total purchases by average inventory in a given period. A swap meet isn’t a great place to sell idle inventory, but it’s relatively inexpensive to try. com is used by retail consumers and parts professionals around the globe. It is now time to realize that there will be a capital loss when liquidating these items. The accounting method for this expense is for the business to determine if the inventory has any disposal value, subtract this value from the inventory's book value and set aside Independent electronics distributor of obsolete semiconductors, electronic components, military components, obsolete integrated circuits, transistors & capacitors. Sell your used forklift with National Forklift Exchange. What is cancer? Two years old. The allowance for obsolete inventory account is reported in the trial balance below the inventory account. Assisting automotive dealers selling parts, products and related services to customers online. Dead Inventory Management System (DIMS) is a comprehensive system of solutions, including our marketplace services, liquidation and green alternatives to help customers quickly move and optimize returns on their dead, obsolete, or excess industrial components, equipment and MRO supply inventory. Vintage Parts is your partner of choice for obtaining Original Equipment Manufacturer (OEM) obsolete and slow-moving service parts for your customers. by Rick Pay Obsolete inventory is one of the largest components of inventory cost, and is often larger and more costly than executives are willing to admit. One of the issues that can affect the valuation of a manufacturing or distribution business is the amount of inventory on hand that is classified as excess and obsolete. JBR Surplus Auto Parts specializes in the purchasing and selling of Surplus Automotive parts, Discontinued auto parts, Excess Inventory auto parts, open box auto parts, auto parts stock lift, auto parts over-runs, obsolete auto parts, new old stock auto parts, end of run auto parts and so on Sell it to an inventory liquidator. We at Young Automotive are committed to provide you with the highest level of quality and service that we feel you deserve. CAM International will liquidate your unwanted or surplus auto parts, heavy duty parts and accessories inventories. A little about SELLinventory. strzelczyk@wp. We update our parts inventory data daily, so you know you're looking at the most up-to-date listings, not parts that are sold out or on backorder. With over 640,000 used, recycled, new, and aftermarket heavy duty truck parts across North America, Truck Parts Inventory is the only resource that connects buyers looking for heavy duty truck parts with hundreds of sellers around North America while providing tools to help registered sellers run their business more effectively. With over 30 years of experience with closeouts and inventory liquidation, we are the premier source for not only the highest recovery, but for the quickest recovery as well. 2 Acres and forever growing) go as far back as the early 1950’s and up to the mid 1980’s. Since a year has 365 days and Coca-Cola was clearing its inventory 4. Rather than go through the hassle of trying to return them to the manufacturer or abandoning them, we’ll work with you to sell your forklift to a buyer for a fair price. Although physical inventories are typically only done once a year, it can be incredibly disruptive to the business, and believe me, it’s tedious. Dealers and fixed operations managers are taking aggressive steps to dispose of their parts desks' unwanted and obsolete stock, even as factory parts return policies grow stricter. All you need to do is email us at the link provided with the parts inventory list if you have it, a detailed description of the parts lot you have available and photographs of the cars as they are. I have developed a new three-letter Source One Services, DBA Source One Auto Parts, specializes in late model excess and obsolete automotive and truck parts. Types of inventories that we can and will consider: Surplus; Obsolete; Discontinued; Slow Moving Obsolete inventory is often referred to as “obsolete stock,” “dead inventory,” or “excess inventory. This industrial directory contains a broad range of Circuits: Obsolete & Discontinued companies serving all industries. Inventory is a significant asset that needs to be monitored closely. Inventory liquidators are bulk buyers of trade inventories. Because you used inventory from a balance sheet account and recorded sales on your income statement, your profits are overstated unless you make the necessary adjustment. Many suggest that there is no such thing as obsolete inventory because it will sell…someday. If not managed properly, a company can hope to sell off most of their excess stock to break even on their investment or only lose a small percentage of profit. We carry all major brands of industrial electronics. But when these items become dead or obsolete, they must often be sold at a huge discount or even scrapped. If affordable, the stock can also be given away as visitor gifts. Shop our online store for the motorcycle parts and accessories for which you are looking. Used boat parts are the most economical alternative to buying fresh parts for your boat. When inventory can’t be sold in the markets, it declines significantly in value and could be Cost of goods sold represents an expense account while allowance for obsolete inventory is a contra-asset account. Merchandise USA is a reputable wholesale liquidator that will buy your overstock, surplus, excess, discontinued products and obsolete inventory. Many times you must use some of your profits to purchase extra inventory. Occassionally some products in inventory are not selling. Business Model which aims to help retailers and wholesalers across all trade networks / channels optimize their costs with excess inventory management through its portal and provides access to buyers We offer an array of services that can help you liquidate overstock, prepare for closeout inventory and bankruptcies, and move less than desirable closeouts. We work closely with over 60 OEM's to provide a high quality solution to extending the life of these hard to find service parts. When the inventory write-down is small, companies usually charge the cost of goods sold account. Inventory is reported as a current asset on the company's balance sheet. A physical inventory is the practice is counting all your inventory at once. Contact local junk or salvage yards. obsolete inventory is to sell it to whomever buys the related equipment at the time of disposal. The following is a transcript of a recent interview. Engine Parts Plus Engine Parts-Plus was formed to be one of a very few companies that not only deal in stock replacement but also performance, industrial and marine applications, in addition to replacement engine parts. Sell Surplus Inventory to Bulk Inventory Buyers Bulk Inventory Buyers will make it easy to sell excess inventory without all of the hassles that most liquidators put you through. Visit Source One Services LATEST BUSINESS VIDEOS. You record the sales in an income statement account; the offset to sales is either cash or accounts receivable, which are both balance sheet accounts. I have developed a new The dollars are divided into the following quality categories: Active, Excess, Slow Moving and Obsolete. When a business has inventory that it cannot sell, it must write off the obsolete inventory as an expense. We are able to supply virtually any part you need for your 1979 to current model year Jaguar. This premier and trusted vertical directory contains manufacturers, distributors and service companies giving access to all their information available on the internet. Inventory flow is rightfully called the lifeblood of the business. Inventory Sold. Sometimes scrap of some com­pany becomes the raw materials of another. If the book value cannot be recovered, the obsolete inventory can be written off to the inventory adjustment account 791 in the indirect equipment account group. Based in Stoke on Trent, Obsolete Car Parts Buyers are looking for obsolete stock, be it from Main Dealers, Motor Factors, Garage closures etc. The research model was replacement parts. WELCOME TO ALLSTATES SURPLUS. WE have thousands of parts for Classic Vintage and Antique autos. To qualify for a bona fide sale deduction, Decisions may be made to sell or scrap-out the excess to independent distributors or brokers. The Inventory Challenge. We are connected to sources throughout the world for surplus, hard to find, obsolete, overlooked, rare, and liquidated parts for electrical, industrial, textile, automotive, plumbing, construction, manufacturing, mechanical, and other equipment and industries. Right Parts buys small and large lots of electronic components. SELLinventory is poised to handle whatever liquidation inventory needs you may need. Tax Write-Off One of the largest assets for a manufacturer is its inventory. We will buy ALL of your obsolete stock, no cherry picking. Too little inventory can result in lost sales and lost customers. Inventories are assets: (a) held for sale in the ordinary course of business; (b) in the process of production for such sale; or (c) in the form of materials or supplies to be consumed in the production process or in the rendering of services. We have the largest inventory of new, rebuilt, and used parts, in fact we have the absolute largest used Jaguar parts inventory in the world. For same day shipment please call 800-743-3768 Welcome Welcome to Oldsmobile Obsolete auto parts. With buying out shops that have gone out of business over the years we have put together one of the largest inventories of NEW old parts around and if we don’t have it new then there is a good chance we EXCESS & OBSOLETE INVENTORY: A Diminishing Asset with Hidden Costs By: Herbert C. Accounting Methods for Obsolete Inventory by GAAP. LiquidateNow assists companies who need to liquidate inventory or sell excess inventory that is tying up funds and space. Excess Electronic Component Inventory. When sold in the expected time frame and at the expected cost, they generate profit. Flexible liquidation options! Send us a list of your excess inventory to excess@rightpartsonline. What status you assign an item in GP depends on your desired disposition of the item. For dealers, it’s a great way to market parts that are in their inventory and have had very little demand. Distributor & supplier of obsolete & discontinued circuits & a wide range of active, passive & obsolete electronic components specializing in discontinued integrated circuits (IC), transistors, capacitors, LED's, LCD's, connectors, diodes, resistors, rectifiers & modules. Sales Push Campaign - Regular prices with incentives for salespeople 2. Specializing in 1930s-1980s Buick, Oldsmobile & Cadillac Parts At GM Obsolete we make every effort to help your restoration project go as smoothly as possible. Sales Company, Inc. A high ratio indicates fast moving inventories and a low ratio, on the other hand, indicates slow moving or obsolete inventories in stock. A statement of sales and a check are sent out quarterly. A large consignment of excess stock can be sold off as paid samples to interested buyers. In other words, the current levels of excess and obsolete inventory are usually addressed, but not the root causes of the problem. R. It is a good indicator of inventory quality (whether the inventory is obsolete or not), efficient buying practices and inventory management. It is much less expensive to purchase inventory than to redesign, requalify, retest plus all the extra documentation changes that go with it. The need to write off inventory occurs when it becomes obsolete or its market price has fallen to a level below the cost at which it is currently recorded in the accounting records. com… At SELL inventory, we are all about helping your business maximize profit by help clear out unwanted stock. ” These terms all apply to any items that have reached the end of its “ product lifecycle ,” which means there is no market demand for the product anymore. WHERE INVENTORY GOES: Companies can do several things with excess inventory: destroy it, sell it to recyclers who salvage the metals; sell it to brokers or distributors for resale or auction; give it to charity; or keep it on hand for future use, sale or replacement parts. Jagbits is a USA family owned and operated company and has been in business since 1996. On the one hand, the enterprise, while aiming at the maintenance of continuity of production, must provide spare parts inventory for machinery, and, on the other, slow moving stock goods may lose usability and value. This is common in the service industry. Online Bike Swap! NOS, NIB & Used bicycles and parts. To dispose obsolete inventory, management can do the following: Return goods to the original supplier (if possible and makes sense) Sell online through an auction; Use obsolete inventory for warranty replacements and repairs (if possible) Excess and obsolete inventory is costing the typical company 25% a year. Consignment and warehousing available. The availability of parts and making equipment fit for operation proclaims the maintenance as well as Average Days to Sell Inventory The Average Days to Sell Inventory is a measure of how long it takes a company to buy or create inventory and turn it into a sale. We buy and sell excess, slow moving, and obsolete parts inventory from manufacturers and distributors. Partsfisher is the ultimate source for buying and selling overstock automotive parts. Source One has a unique ability to find outlets for anything automotive. One of the major issues faced by almost everyone that manages spare parts is: what to do with obsolete and excess spare parts inventory? One option is to sell the items for essentially scrap value but this rarely raises more than 5c on the dollar. While some obsolete inventory items can be sold at a deep discount, some items are simply disposed of. Inventory. Significance and Interpretation: Inventory turnover ratio vary significantly among industries. The company will take 73 days to sell average inventory. PartsBrokerDirect® is the simple, hassle-free way for dealers with idle OE parts inventory to connect with dealers eager to purchase those parts. Excess and obsolete inventory is costing the typical distributor 25% a year. • Parts with no sales in 9 months have about a 15% chance of ever selling. This is a ratio known as the days' sales of inventory. (Contact us to buy or sell excess electronic component parts and inventory. Discrete semiconductors for military, aerospace & telecommunications. We are interested in wholesale pet products, discount housewares, wholesale sporting goods, wholesale pallets, wholesale Christmas décor, and anything else you may have for a discount warehouse. For example, even though there is some market for obsolete computer equipment, you will be hard-pressed to sell expired food and drink. Only offer this type of sale for a short period and avoid doing it regularly, otherwise you will find it difficult to sell anything at full price. Remove obsolete inventory and add valuable storage space at the same time! (Please include Mfg P/N, Manufacturer, Quantity, Date Code and price if available) Obsolete vehicle parts and accessories: management & clearance services Old car parts stock can smother your business. Once you have the inventory turn rate, you can easily calculate the number of days it takes for a business to clear its inventory. Shields, CMC. Sell Your New GM Parts. As an electronics distributor we buy and sell everything that has value including new and obsolete semiconductors, integrated circuits, military components, transistors, resistors, capacitors, diodes, connectors, switches, relays, CPU's and hard drives. GREEN SALES COMPANY. So here are 15 ways to get rid of old inventory. A hospital might create an "inventory" (list) of medical equipment and supplies that should always be on hand in an operating room. For it to be considered a bona fide sale, you cannot have any interest or rights to the property. Five Causes of Obsolete Inventory. Obsolete inventory is a term that refers to inventory that is at the end of its product life cycle and is not expected to be sold in the future. We can buy your excess inventory outright or we can set you up on a consignment arrangement at your location or our new new bonded warehouse facility. We help manufacturers balance their inventory levels and are happy to entertain buying complete lots. - Solutions to excess, slow moving, and obsolete inventory Jameco has been buying excess inventory for over 30 years. com – As a comprehensive B2B platform market place for excess inventory management across verticals, such as CE, IT Hardware & Software, Telecom, Security, Home Appliances etc. JustParts is an excellent venue and highly recommended to effectively sell your auto parts quickly to web based customers. Obsolete inventory refers to items that you’ve purchased for sale but turn out not to be saleable. There are tax breaks for obsolete inventory if it Once the inventory has been inspected for counterfeit parts and counts are verified, a list is created and posted on the Internet for sale. We also sell connectors, switches, relays, CPU's & hard drives. It is calculated by dividing The specific objectives provide information regarding the impact of inventory carrying cost, obsolete inventory, inventory turns. No matter where you are in the world, or what time it is – we are here, ready for opportunity! We are available by phone or e-mail 24 hours a day, 7 days a week. We buy and sell original equipment and aftermarket auto parts from manufacturers and their suppliers. 8 Ways To Make Money From Excess Inventory. Cash is king, egos and sloppy inventory are jokers. Recently I met Brian Burns who has worked out how to achieve returns of 25-40c on the dollar by selling obsolete and excess spare parts on eBay and the open market. Sell Us Your Surplus Electrical, Electronic, Electromagnetic Parts We Buy Excess Inventory We Buy Obsolete Parts We Buy New/Used Overstock We Buy Discontinued Product We Buy Military/Commercial Parts We Purchase by the Item, by The Case, by the Pallet, by the Room, by the Truckload. Holding on to this stock can be very costly, taking up space. PAR International is always ready to PURCHASE, TAKE IMMEDIATE DELIVERY & PAY FOR your problem type inventories. ” Selling to Par. There are numerous organizations which are involved in the process of stocking quality, well maintained second-hand boat parts. . They have a vast network of buyers from diverse business backgrounds which help them match excess product supply to demand. Sales to Competitors – At cost or cost plus 10%, etc. Too much inventory can result in cash flow problems, additional expenses (e. Many used auto part retailers are willing to buy idle parts inventory in bulk. www. Inventory is primarily goods, raw materials, and other assets that a business holds ultimately for sale. One of the best strategies to sell dead inventory is to hand over the responsibility to inventory liquidators. When you sell to Bulk Inventory Buyers, our long closeout experience guarantees that the deal is done right. Selling an item at a very low-profit margin or even at a loss is better than it taking up shelf space. Tax Write-Off. Spend less time looking and more time finding on PartsVoice. This example shows inventory dollars for make parts and buy parts. PAR International specializes in the buying and selling of surplus auto parts and consumer goods domestically and internationally. Our inventory includes new original parts for cars built from the 1920’s through 2000. In many cases mistakes are made when buying inventory for a new business venture. Our Electronic Components Suppliers service is able to assist you in transforming your unused equipment into an income source. It turns out that this question is not new. Lean Six Sigma to Reduce Excess and Obsolete Inventory. Autopartsobsolete. Companies that hold and sell inventory face a double challenge. Perhaps customers no longer want it. Our professional auto parts inventory liquidation and asset recovery programs provide manufacturers, wholesale distributors, and jobbers turnkey alternatives for disposing of unwanted inventory. It is a more cost effective method to buy used boat parts as they offer cost savings over new parts. com provides you with those out of stock parts no longer available through traditional dealer and distribution channels. Stale in inventory is a depreciating asset which is devaluing at an ever increasing rate. Obsolete vehicle parts and accessories: management & clearance services Old car parts stock can smother your business. sell obsolete parts inventory

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