Excess Inventory Management

Organizations in every industry are realizing the importance of improving their supply chain processes. In doing so, they are reviewing procedures to introduce cost-avoidance models and implement best practices to create additional revenue streams by properly managing their excess inventory.

Common in the high-tech field, excess inventory and obsolete and end-of-life (EOL) products can rapidly lose recovery value as the materials sit dormant. With new technology continuously being introduced, the velocity of turning surplus electronic components and finished systems into recovered value is essential.

Converge’s supply chain solutions offer original equipment manufacturers (OEMs), contract manufacturers (CMS) and original design manufacturers (ODMs) flexible processes with attention to detail to help reduce costs, increase returns and drive recovery revenue – all within a full suite of solutions that are competitive, sustainable and scalable in virtually any environment or geography.

Purchasing

Whether you are looking to turn end-of-life or excess inventory, customer returns or defective product quickly, Converge can design and implement a solution that will maximize value recovery and velocity while adhering to all global environmental compliance standards for your surplus electronic components.

Depending upon your specific needs, Converge can implement flexible solutions through:

• Outright buy programs. Converge purchases your excess and obsolete inventory and remarkets through our global sales channels. 
• Consignment programs. Converge partners with your organization to take “consignment” of excess inventory. Materials are then remarketed through our global sales channels, with proceeds returned through a mutually agreed upon shared revenue program.
•  Gain-share programs. With our consignment program, title of inventory is transferred to Converge using a down-payment option. Proceeds are then returned through a mutually agreed upon shared revenue program.

Go To Market Strategies

To maximize asset value recovery, Converge utilizes a unique targeted marketing approach, leveraging a global sales infrastructure that is backed by over a quarter century of global commodity management expertise.

Our dedicated teams of professionals leverage our preferred status with top-tier OEMs, CEMs and repair depots to bring a wide range of technology products to market – on a global scale. And our targeted marketing approach to electronic components surplus enables us to match supply and demand by taking various parameters into account, including product condition, origin and forecast demand.

Utilizing a unique in-depth approach, Converge is able to define target market segments that have a demand for your product and then consult with your team on market options available, to maximize your total asset value recovery and velocity, all while minimizing overall risk.

For more information on managing your excess inventory and surplus electronic components, contact us.