Companies that sell electronics often stock repair parts for those items. These parts are used to fix returned models and repair items under warranty. They may also be sold to customers who wish to make repairs themselves. Once an electronic is discontinued, though, there is little reason to keep repair parts for it in stock. If you run an electronics retail business, sell excess repair parts that you no longer need to an electronic components buyer, such as Semi Source.
Increase Warehouse Space and Simplify Inventory
Selling old repair parts that are from items you no longer carry will free up warehouse space and simplify your inventory. The space used to store these items can be filled with a new product or with additional stock of another, higher-selling product that you already carry.
Getting rid of excess repair parts will also simplify your inventory, which, in turn, will reduce picking errors. Workers will have fewer items to choose from when fulfilling orders, so they will be less likely to grab the wrong one accidentally.
Free Up Capital
Even if you don't need the extra room in your warehouse, selling them will free up some of your capital. You might not recoup your entire investment in the parts, but selling them to an electronic components buyer, instead of donating, recycling or throwing them out, will help you recoup some of their purchase price. The money you get back can be used to:
- pay off business loans
- purchase faster-moving products to sell
- promote your business
Even if you don't get a lot for your extra parts, any amount is better than letting them just sit on a warehouse shelf.
Offload Unsold Inventory to an Electronic Components Buyer
Electronic components buyers won't pay retail prices for your excess repair parts, but they are the only place to sell large quantities of excess components. They will purchase entire lots, instead of one or two pieces.
To get the highest price from an electronic components buyer, look for a large company that is worldwide and has commodity managers. Global companies have more buyers for their surplus electronics than small, regional businesses. Therefore, they are able to fetch a higher price for their parts, and they can also afford to pay you more.
Global companies often have commodity managers, who specialize in just one or two items. Managers are intimately familiar with the markets of their specific commodities. A manager who specializes in the items you have to sell will be able to give you an accurate and in-depth picture of the current markets, explaining what you can expect to receive for your parts and who is interested in them.
When contacting an electronic components buyer to speak with a commodities manager, Global Electronic Components suggests having the following information on hand:
- the part numbers you want to sell
- the quantity of parts you are selling
- the manufacturer of the parts
- the manufacture dates the parts were made
If you're parts will be recycled by the buyer, it may also be helpful to know what materials are in the parts.
In some cases, you might not have records for these details. As long as you're working with a knowledgeable commodity manager, they should be able to help you track down the information you don't have.
Excess repair parts that are obsolete only take up warehouse space and capital. Free up both of these by selling your excess parts. Contact an electronic components buyer about purchasing inventory you can't sell to your customers, and ask to speak with one of their commodity managers. A manager will be able to value your excess parts, offer you a price for them and explain the sales process.Share