Scrapping inventory is often a short-term solution to a long-term problem. Approximately 30% of the excess inventory you scrap today will be in demand tomorrow by your customers. But the 2%-3% annual sales will not justify the ownership costs. GPS offers you a way to eliminate these costs while still retaining product availability.
THE GPS INVENTORY BANK
When you scrap excess inventory, it is gone forever. But when you deposit your excess inventory into the GPS Inventory Bank, you eliminate the expenses of ownership while preserving the availability of each part.
GPS purchases your excess and slow moving inventory in bulk for placement in its high-density, long-term warehouses. After we receive, inspect, and process the items received, the inventory is assigned a location in our facility, where it remains until there is no longer a demand…which is usually a number of years.
PARTS AVAILABILITY
Our Inventory Bank allows you the advantage of providing customers with a larger selection of parts while reducing your excess & slow moving inventory and maintaining your quality standards.
By becoming a vendor in your purchasing system, GPS fills orders for future production demands and customer backorders. Since we customize our parts marketing to each manufacturer’s needs, your customers have access to single hard-to-find items as well as emergency shipments.
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