An excess stock valuation project for a UK original equipment manufacturer (OEM) involved some striking figures:
- 5,775,157 electronic components
- More than 600 different manufacturer part numbers
- Millions of items requiring identification, verification and valuation
The OEM could have managed the project internally. Many businesses attempt to do exactly that. However, once the time required to identify, count, verify, value and document millions of components is considered, this approach rarely makes commercial sense.