September 19, 2012

Surplus Inventory Consignment Has Never Been Easier

Converge specializes in helping OEMs and EMS providers solve their complicated surplus problems with minimal effort while providing maximum return potential. One way that we make the remarketing of surplus materials as customer friendly as possible is through our consignment program. The Converge consignment program is a turnkey solution in which the customer ships excess inventory to Converge, where it is inspected, sanitized, and marketed to our global network of contacts. However, what is unique about the consignment program is that the customer retains ownership of the inventory until it is sold. 

In addition, Converge’s proprietary Consignment Visibility (CV) application simplifies the process further by allowing customers to view and manage all their consigned materials via one centralized online hub. The CV tool makes it easy to retrieve key inventory information at any time, including quantity received, quantity sold, unit price, vendor share, quantity on hand, inventory location, and build/revenue share data. 

We are now excited to announce that the Converge CV application has been upgraded to make it even more user friendly. Key CV upgrade features include: 

  • Enhanced filtering capability: Users can now sort by number of days in stock, commodity, or situations such as on-hand stock only. 
  • Booked/scheduled revenue visibility: Users can view current and pending opportunities/shipments in the pipeline. 
  • Expanded browser capabilities: The CV application is now compatible with Internet Explorer, Apple Safari, Google Chrome, and Firefox browsers.
Trying to remarket excess electronic components can be a tremendous amount of work when market intelligence and global logistics are not part of your company’s core capabilities. So why take your eye off the ball? It is now easier than ever to get excess inventory out of your warehouse – and recover value – by consigning it to Converge. If our consignment program driven by our CV application sounds like a program that would complement your company’s surplus remarketing needs, contact us to discuss how we can help.

September 5, 2012

The Importance of IDEA-ICE-3000 Certification

Did you know that Converge is one of the top three independent distributors that have more IDEA-ICE-3000 certified component inspectors than anyone else? We currently have 59 certified inspectors on staff. Most distributors have between one and six. 

Why does Converge have so many certified inspectors? There are a few reasons: our large size, our multiple locations around the globe, and, above all, our strong commitment to ensuring quality in every order we process. Every Converge inspector is required to undergo IDEA-ICE-3000 certification upon being hired. 

Tony Tillman, a Converge distribution specialist since 1999, was one of the first inspectors to go through the certification process when the program was first introduced. He highlights that the rigorous steps required for certification are meant to identify inspectors who have a higher level of training and experience in the electronic components industry. 

“Getting certified is a multi-part process,” Tillman recalls. “First you take a pretest about standard information such as electrostatic discharge protocols and moisture sensitivity levels for electronic components. Then you undergo training for both receiving and shipping inspections. Then there is a 100-plus question test.” He points to a foot-high stack of manuals that people use to study for the exam. “You have to know all the industry reference standards, manufacturer labels, inspection protocols … it’s pretty intense. It really requires a combination of book knowledge and real-world electronics experience.” 

Tillman is one of many who believe the IDEA-ICE-3000 certification has changed the independent distribution industry for the better. “The fact that our inspectors are all certified is a big selling point for Converge customers,” he says. “They know exactly what the certification stands for. Back when I started, each company just had its own quality process standards for electronic component inspection, so customers had to take their word that inspectors were well trained.” 

“It’s also a matter of personal pride for the inspectors,” he adds. “Along with the engineers, we are equally responsible for making sure there are no discrepancies with these very expensive shipments. We are professionals following a scientific process. The certification says that we’re not just guessing about this … we know what we’re doing. And we’re certified by an independent agency.” 

Once Converge inspectors are certified, they continue regular training to stay up to date with new industry standards and updates in counterfeit detection techniques. In addition, each inspector’s certification must be renewed through retesting every two years. To see the latest number of IDEA-ICE-3000 certified professional inspectors at IDEA-member companies, you can visit the IDEA website.