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.

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