TECHNOLOGY
is a buyer base that exists solely to facilitate repurposing or recycling . To realise the highest value for this salvage stock you need a thorough understanding of all materials contained in each product . Be sure to compare the price per pound you ’ re getting from the whole unit versus doing a partial breakdown so you can market components separately . That said it might be worth giving up a few pounds of value to let the buyer deal with breaking the product down .
A major benefit of establishing an effective remarketing plan is realised once the merchandise ends up back in your warehouse . Once your strategy is in place you should set up rules for how the product is handled upon receipt and move it quickly through the designated process : liquidation , refurbishment , sell for parts , etc . Ideally this is done at the SKU level where there should be enough detail in the SOP for any receiving clerk to make a proper decision on disposition . This will reduce the number of steps and , more importantly , shorten the amount of time that returned inventory sits in your warehouse . Be sure to closely track all costs involved and the ultimate recovery achieved in order
‘ Investing resources to better understand your remarketing channel will have a direct and meaningful impact on the bottom line ’
to monitor progress and establish key performance indicators . This will enable you to report accurately on your reverse logistics process and tweak the model to improve recovery or reduce expenses .
Investing resources to better understand your remarketing channel will have a direct and meaningful impact on the bottom line . If in-house bandwidth is tight , sometimes the best choice is to work with a trusted partner whose primary business is providing remarketing solutions for returned and overstock merchandise . The best partners will have a low cost structure , a great reputation among clients , extensive knowledge of the secondary market , and a datadriven , analytical and transparent approach . Be sure to look for :
14 March 2016