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.
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At Auckland International, we specialise in helping businesses realise the value tied up in excess and redundant electronic component stock. A recent project provided an excellent example of just how significant that value can be.
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The world supply of electronic components has gone from stable, to critical shortages, to over-stocking, in the space of a few years. COVID triggered the shortages, and the shortages triggered an over-reaction. Many major companies now acknowledge that they are holding too large an inventory of parts, and that this is restricting their ability to increase their earnings. Money that could go on product development, or optimising production, is tied up in components that are sitting, unused, in a warehouse.
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