Avoiding Excess Inventory Problems

The challenges of managing excess inventory can impact long-term financial success and future production capabilities. Addressing an inefficient excess inventory strategy requires a solution that addresses both financial and supply chain requirements
 
 
Feb. 27, 2013 - PRLog -- 1. Manage all product types
Forcing a manufacturer to select multiple consignees to manage their excessed inventory counteracts the potential advantages of consigning inventory (http://www.harrykrantz.com/excess_inventory_consignment.php) in the first place. At the very least, it’s inefficient. And if any of the consignment specialists are subpar, such as having poor storage capabilities or inadequate market reputation, manufacturers can suffer both financial and production integrity.

Our customers don’t have to pick and choose who safeguards their consigned product. Over the course of more than 70 years in business, we levied our expansive database and refined search techniques to develop sophisticated tools and a profound market knowledge that enables us to match demand and supply with all manner of product.

2. Operate with full transparency
Value is added on excess inventory only when both financial and supply chain requirements are met. As a customer, it’s essential to consign to a partner that knows the market, meets the highest industry standards and conforms to all government regulations and laws regarding export and sale. This cannot be accomplished without full transparency.

We maintain open, frequent and direct dialogue with customers to fully comprehend their quality standards and provide them with the information they need to make decisions that are best suited to their program needs.

3. Execute quality, export and other requirements
Failing to manage quality and export requirements on consigned product exposes the customer to additional liabilities. Successful excess inventory management (http://www.harrykrantz.com/blog/sustainable-inventory-man...) demands flexibility to design a program that can be specifically tailored to each individual company and product.

It’s our job to safeguard not just your product, but your business and reputation. We maintain the highest level of quality assurance strategies and standards that make a real difference to your bottom line.

At Harry Krantz Company, we continuously evaluate a dynamic and ever-shifting market. Our longevity, relationship breadth and sophisticated assessment tools give us real visibility into real-time market demand, enabling us to move a wide range of product with the integrity our customers deserve.

How is your company’s inventory strategy helping you get the most out of its material?
End
Source:
Email:***@harrykrantz.com
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Phone:516-742-6300
Zip:11717
Tags:Electronic Components, Military Component Distributor, Aerospace Components, Electronics
Industry:Aerospace, Defense
Location:Brentwood - New York - United States
Subject:Features
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