One of the leading contributors to copper production in India, contributing up to 36% of India’s demand for refined copper.
The customer realized that spares procured of worth (Warehouse value) were lying in the warehouse for a longer period of time (Time). There were challenges like
- Surplus inventory starts piling up in the warehouse
- Excess spares were inflating the warehouse holding cost
- Materials were losing their shelf life and value
- The operation team was in search of the right scrap partner and marked the materials obsolete
Goospares.com, with its deep knowledge about the industrial MRO liquidation industry, helped the customer in categorizing and prioritizing the unused inventory into many salable lists. Though it was quite harder with market fluctuations like price, demand, etc. we are able to find buyers through
- Physical Inspection
- Digital Image capturing
- Material Cataloging
- Depreciation Analysis
- Marketing efforts
As result, we were able to generate net profit of “55%” out of the obsolete inventory for the seller. And for the buyer, the increased profit from the same inventory is “60%”.
Established in the year 2016, Goospares is a new business that brings in solutions to liquidate your un-used excess non-moving inventory products which include MRO Spares that are held as a stock for a long time by the business. Goospares is an online inventory control solution for businesses allowing them to simplify their multichannel retail businesses.