ReSKUstock partners with wholesale material distribution companies by marketing and brokering sales of existing obsolete and slow-moving (OB/SM) inventories. Utilizing a network of partner companies who offer comparable products, ReSKUstock engages both the operations group for supply and the sales group to move products. Before liquidating or disposing of materials, ReSKUstock creates an avenue for everyone in the ecosystem to win.
Obsolete/Slow-moving (OB/SM) inventory is a major issue across many industries. It takes up valuable warehouse space, takes time to move, and negatively impacts purchasing power, profit, and loss. It is typically written off or devalued during the given year and often sticks around for a much longer time. Stock owners will eventually have to pay to have it recycled or disposed of. Many of these products are still usable and valuable to the right buyer. Companies typically have an internal intranet for THEIR Salesforce. ReSKUstock is a circular marketplace that can be used on the sales and supply side of all partnering companies to win business and move these materials. Acceptable costs (owner’s price + a margin fee), inventory counts, etc. are shared in confidentiality across ALL salesforces in the industry via a web-based platform to get the inventory exposure to be sold.
Free resource to market and move inventory; Creates more space in the warehouse for core inventory; No disposal fees; Sustainability; Peace of mind in knowing it is being used the way it was intended; Recouping some cost for obsolete products; Expanded salesforce at no cost.
Elimination of chargebacks for the inventory they agreed to stock; Nationwide help in moving their dead stock faster; Serving customers by finding ‘one-time’ opportunities within current book of business; Increased margins resulting in higher commissions; ‘Foot in the door’ discounts will make landing new customers easier and create opportunity to sell contracted items.