Schiphol (Amsterdam, the Netherlands 6 June 2012 – Each year, billions of dollars in excess inventory creates a massive bottleneck in the global supply chain, with the electronic and wireless segments contributing significantly to the problem. The ripple effect of this excess inventory is staggering. Consequently, Teleplan has developed a solution to this multi-billion dollar issue.
In partnership with FreeFlow, Teleplan is now offering a global solution for the strategic disposition of at-risk inventory. According to Patrick Ring, Chief Sales & Marketing Officer for Teleplan, ”Working with FreeFlow enables us to enhance our end-to-end after-market services, helping our customers maximize their product lifecycle.”
“Excess inventory, whether end-of-life, refurbished or overstock, is a massive problem but also a huge opportunity. We are able to help companies move these assets off their balance sheet, reducing cost while increasing revenue,” said Alan Scroope, CEO, FreeFlow.
Using a patented IT infrastructure, Teleplan and FreeFlow provide a 24/7, real-time, customized marketplace requiring no IT integration. These private e-commerce sites can either be branded or unbranded and allow companies to sell excess inventory at auction or at fixed or minimum pricing. Additionally, channel controls can be put in place to ensure product does not affect current market relationships. The proprietary system delivers real time metrics and market intelligence bycustomer, by regional demand, and by product, enabling supply chain managers more effectivecontrol and visibility into their excess inventory.
“We are now offering the highest margin, tightest control option for disposition of excess, activeinventory. This is a one-click solution to the unsold inventory problem,” added Ring.