By definition, excess inventory is inventory that a retailer no longer wants sitting on store shelves or a manufacturer wants out of their warehouse. Large retailers need to constantly clear out their remaining old inventory to make room for the new. Large retailers must keep up with the latest products and replenish their stock with the newest models on the market. They are also always getting returns. Product comes back for a variety of reasons, but it all becomes excess inventory that must be dealt with outside of normal retail sales A Quick Guide To Excess Inventory. When faced with large quantities of excess inventory, companies are forced to take a loss just to clear out the excess. They typically call up their liquidator who buys it all at pennies on the dollar. These large liquidators then break up the inventory and sell it to smaller buyers at big markups.
How the Palletszone Sourcing Network Helps Buyers Gain Access to Excess Inventory.
The palletszone Sourcing Network allows for small- and medium-sized retailers and resellers to buy excess inventory in bulk directly from large Fortune 2000 retailers and manufacturers. The Palletszone Sourcing network is made up of private liquidation auction marketplaces that Palletszone Solutions powers and manages for large retailers such as Macy’s, Walmart, and Sam’s Club, among others. We enable these retailers to auction off their excess inventory directly to smaller resellers at a fraction of MSRP. Buyers gain access to the liquidation electronics inventory directly from major retailers without the middleman markups of large liquidators. In addition A Quick Guide To Excess Inventory, they can bid on excess inventory with confidence, knowing they are buying directly from the source. The palletszone Sourcing Network offers unparalleled value for buyers of pallet-sized and bulk lot excess inventory.
I feel so confident shopping and bidding on items knowing that I am going to get what I paid for. And if not, there’s a killer customer service team that’s going to make sure everything’s alright in the end. That’s huge. It’s hard to take that risk when you’re first starting out.”