Immediate Issues: Getting Rid Of Excess Inventory

NEW YORK, NY, January 16, 2011 (Press-News.org) Excess inventory. A supplier's worst headache. It doesn't make any revenues. The truth is, just the reverse; it takes up precious warehouse room that could be used for inventory that is selling. Every day it sits there, more money is lost on storage space, safety measures, insurance coverage, and maintenance expenses.

How to take care of it?

There are some options. One, it can be given to a cause such as Goodwill or perhaps the Salvation Army. Two, it can be tossed out. That would stop the figurative hemorrhaging immediately. Zero profit, but then no additional deficits either. Or three, it could be marketed to liquidating companies or secondary markets.

This is where a company like Excess Inventory Solutions comes in. Located in Manhattan, New York, EIS helps suppliers unload their excess inventory, no matter whether it's fragrance, baby items, auto components, gadgets, paint, wall paper, snacks, housewares, key chains, luggage, or inventory from several additional niches.

"What we really do is connect sellers with buyers," states Nyang'ara Omwega, the business owner. "We have access to local and overseas buyers who purchase by the truckload."

Services are available to any size organization, whether it's a mom and pop store, medium-sized firm, or large corporation. The only prerequisite is that the product should fill up a minumum of one truckload. Outside of this, no load is too big, even if it's one hundred truckloads of product, or a convoy of ships.

This is how it works: a company with excess inventory contacts EIS, says what their merchandise is, and answers some preliminary queries over the phone or by email. EIS then contacts buyers and notifies them on the specifics of the merchandise. Interested buyers bite, and negotiations commence. From this point until the end of the sale may take a few days to a few weeks.

EIS creates a risk-free atmosphere for all persons concerned. There are no charges upfront. An arrangment is worked out with the seller at the time of the very first dialogue or email. If all persons concerned concur, purchasers are contacted. Only when the sale is finalized does EIS receive payment.

There are times when a potential buyer might at first consider a buy, and then lose interest as the transaction progresses. This can occur for a range of reasons, including stock not meeting pre-determined requisites, or a concern related to costs. When this occurs, EIS reworks the agreement with the supplier wherever feasible, then reintroduces the deal to the same buyers. If this still doesn't work, then other customers are presented with the transaction.

"Though we don't make guarantees, we really want to make sure that companies that are drowning in excess inventory know that this is a solution that can work for them," says Omwega. "Happy, satisfied customers are our rule. You tell us what you got, we help you get rid of it, you're happy, we're happy, see you next time."

About EIS: Excess Inventory Solutions helps modest, medium-sized, and large corporations find an amenable solution to their non-moving, dated, overstocked, or surplus product. One truckload's worth of inventory, a convoy of ships, and everything in between.