How Much Value Can Your Free Excess Inventory Analysis Uncover?

By Logan Wamsley

The financial loss from excess inventory is a supply chain inefficiency largely viewed as unavoidable, with the security of guaranteeing a steady stream of critical inventory throughout a product’s life cycle worth the impending write-off. That’s why when a project manager is determining where their company’s supply chain can be improved or streamlined for future…

Poor Returns on Your Excess Inventory? Big Data May Be the Solution

By Logan Wamsley

Some technological breakthroughs cannot be defined by a specific industry. Their applications are so vast that each day inquisitive minds seem to discover new ways to use them, raising their entire industry with the tide and pushing society even further toward an exciting, limitless future. Big Data, without a doubt, is among the most important…

The Secret to Maximizing ROI on Excess Inventory

By Logan Wamsley

The largest equipment manufacturers in the world did not reach their position of industry influence without the ability to market their products to a desired audience. It’s not uncommon for experienced marketing teams to spend years building a detailed profile on their company’s consumer base. No detail in these profiles is too specific, and the…

Partstat Chosen to Maximize Philips’ Excess Inventory Revenue

By Michael Stratton

Philips Ultrasound, modality of the Amsterdam-based technology giant Philips, has contracted a new partner to craft an Inventory Exit Solution for one of the most pressing issues facing the industrial marketplace. Poor management of excess inventory, or “obsolescent inventory,” can consume a sizable portion of a company’s profit margin. Not only can it tie up…