Because…2020. What once was destined to be a year laden with 2020 vision references and puns, a year for clarity and perspective, the optimistic start of a new decade powered by new technologies like 5G, augmented reality, autonomous vehicles, and a host of other technology-laden devices has mutated into a year of contingencies, redirects, and plan B’s. Whom would have thought, in an election year, that “Red states” would be headlining as a non-political reference?
Q3 is barely half-way done and, already, we have had a record number of top-tier, mid-sized, and smaller OEM and Electronic Manufacturing Services technology companies who have had cancelled, reduced, or delayed orders.
Still, others had to adjust their production due to quarantining and lack of workers/time on the manufacturing floor. That has led to a multitude of lost revenues and, retroactively, bad spends on electronic components and even finished goods with no current home.
While no purchasing professional could possibly have foreseen the events of 2020, it’s important to ask this 1 key question:
“If I knew then, what I know now, would I have bought this material?”
Nobody likes to have to scrap materials for nothing but the write-off. iBuyXS has had great success bringing the highest possible returns on excess.
We employ a unique model that makes us the leanest solution and enables us to sell electronic component excess at competitive prices and still bring returns of up to 100% of original cost. Although 100% is rare, we have had multiple times this year where market conditions have presented in such a way that excess items are in a shortage and the OEM was able to recoup their full cost.
The key to that scenario is that our buyers have the experience to know the difference. We know the difference between a commodity item and a customized connector that has no value on the open market.
Simply send us your list of excess inventory including the QTY, MFG Part #, MFG, Datecode, and original cost on each item. We will run a BOM analysis for free and get back to you within 24 hours with a plan. Just click the button: