GPS Inventory Bank for slow moving inventory

Our GPS Inventory Bank purchases excess, obsolete, and slow moving inventory (OSMI) for its Inventory Bank program. These parts are stored in our high-density long term storage facilities where it becomes available for sale to manufacturers and its authorized distribution network.



Using the Inventory Bank provides manufacturers with reduced inventory carrying costs while increasing their available warehouse space for more productive products.



Increased parts availability thru the Inventory Bank enhances Customer Service and provides long term support for your products.



Plus, your brand identity and market integrity is protected by using the Inventory Bank program, unlike surplus outlets.

Option of donating excess inventory

This video shows an alternative way to get rid of excess inventory via donation.

http://www.youtube.com/watch?v=RXhJxBffHs0

Best way to reduce inventory

If you need to reduce slow moving inventory, this is a very smart way to do it.

What to do with UNPROFITABLE INVENTORY?

In today’s economic climate, companies maintain their inventory as lean as possible.  They frequently scrap excess and slower moving parts and components.   However, it is inevitable that there will be a future need for some of these items.

If these materials are sent to the scrap yard, the manufacturer has no opportunity to recover an item for future use.  If they are sold into the surplus market, the manufacturer may find that these same parts will end up competing against them or their customers – compromising their market integrity.  And, there is little or no opportunity to recover an item for future needs.

When there is a future need for one of these scrapped items, you are forced to remanufacture or repurchase it – usually at a higher cost and with long lead times which adversely affects Customer Service.  Plus, you may be faced with minimum order requirements that make you purchase more than you need.  These extra parts end up back into your inventory – and you have just created more excess inventory!

Solutions

Excess and slow moving inventory negatively impacts your cash flows and profits, consumes administrative and physical resources, and continuously decreases in value as it sits idle.  If you need to reduce this inventory investment but want to retain availability for future needs, our GPS Inventory Bank is your best solution. 

 GPS purchases excess, obsolete, and slow moving inventory (OSMI) for its Inventory Bank program.  These parts are stored in its high-density long term storage facilities where it becomes available for sale to manufacturers and its authorized distribution network.

Using the Inventory Bank provides manufacturers with reduced inventory carrying costs while increasing their available warehouse space for more productive products.  Increased parts availability thru the Inventory Bank enhances Customer Service and provides long term support for your products.  Plus, your brand identity and market integrity is protected by using the Inventory Bank program, unlike surplus outlets.

More info