For small to mid-sized companies, the cost of keeping an excessive inventory of obsolete electronic components can be a serious detriment to business. The carrying cost of maintaining an inventory of obsolete parts represents an unwanted drain on capital resources that could be used for other, more profitable endeavors. The problem is, how do you get rid of obsolete inventories?

It is actually rather easy to do just that, once you know where to look. The first thing to do is to locate an excess inventory buyer that specializes in old and new electronics. Once a buyer is found, you can discuss the buying option that best suits the needs of your company. There are several different buying options for companies of different sizes and with different requirements.

Excessive Inventory Buying Options

The most common excess inventory buying option is what is called a lot buy. A lot buy occurs when the inventory buyer bids on all useful components a company keeps in its inventory. Lot buys are ideal for companies that need to unload old inventories as quickly as possible. Excess inventory buyers will place a bid on all functional gear, be it new or used, semiconductors, transistors, capacitors, switches, integrated circuits, etc.

The second excess inventory buying option is what is commonly referred to as a consignment sale. On a consignment option, the online distributor will take your excess inventory off your hands and store it in there warehouse. Instead of purchasing it from you, they will store it and market it for you. When they have found a buyer, they will sell your used inventory, giving you the proceeds of the sale, minus a small fee. This is another great option for disposing of obsolete inventories.