Solar Technologies can help reduce your overstock and excess inventory issues utilizing our
Inventory Consignment Program. This can improve your company's cash flow and help alleviate your materials management burdens.
What is Inventory Consignment?
During a mutually specified time period (typically one-year), your company's overstock and excess inventory is consigned to Solar Technologies to sell on your behalf. Although the inventory may be stored at Solar Technologies, the legal ownership remains with your company.
Upon successful sale of all or part of the inventory, the proceeds shall be transmitted to your company, less the mutually agreed commission for transacting the sale.
What are the Benefits?
Solar Technologies is a trusted electronics distributor with a supply chain network that spans the globe. If there is a customer that may be interested in your particular excess inventory there is a good chance that Solar Technologies will receive that inquiry and be able to transact the sale.
Excess Inventory can tie up your company's vital cash flow and over-time some inventory items may become obsolete where all potential customers have moved on to more current products. Thus, Solar Technologies can help reduce and recover any potential loss before it becomes fully realized.
Solar Technologies is able to store and manage the consigned inventory at our local warehouse. This can help improve your own warehouse efficiency and help to alleviate some of your materials management issues.
When do I receive Payment?
Solar Technologies remits regular monthly payments on all consigned inventory within the following calendar month from the time the consigned inventory is sold.