Sourceability, a global distributor of electronic components, today announced the launch of its Excess Inventory Estimator – a free self-service tool allowing customers the opportunity to quickly estimate the value of unused electronic components to recover their value and free up warehouse space. The offering will be available to Sourcengine users as an essential part of its existing “Sell Your Excess” program.
Recent shifts in market demand and availability of electronic components have contributed to the increasing complexity of inventory planning for manufacturers. According to a recent survey conducted by KPMG, 65% of semiconductor executives expect that the pandemic-era shortage will end in 2023.
“Volatile market conditions have placed purchasers of electronic components under increased pressure to understand which of their excess parts have value in the market and to obtain the maximum possible return as fast as possible,” said Jens Gamperl, Founder and CEO of Sourceability. “We are proud to offer a first-of-its-kind solution to improve market visibility and empower our customers with the instant insights necessary for maintaining optimal inventory levels.”
The Excess Inventory Estimator leverages real-time market pricing and availability to provide users with an instant and more accurate understanding of which parts to prioritize. Users can set target pricing goals to see how their components compare against suggested market pricing. This data, combined with the ability to upload “quantity on hand” numbers, provides a complete picture of the opportunities for offloading excess.
Users can export this estimate for sharing within their organization or utilization in other systems such as an ERP tool. Finally, users have the option to list excess components on Sourcengine, the electronic component industry’s leading e-commerce marketplace helping professional buyers and engineers source, negotiate, and transact on one easy platform. Doing so would expand their digital presence to reach over 100,000 professional buyers to sell their excess stock.