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Inventory Buyer Profile

inventory buyer profile

I recently had an opportunity to sit down with Nick Shattles, one of our younger buyers and yet a proven veteran, and pick his brain for a few minutes.  Nick has been with us for more than 7 years and has been involved in hundreds of pack ups over the years.

Recently, a tornado ripped through Missouri and left a local furniture retailer without a roof.  The store was typical, 30,000 sq. ft, and Nick reports that a third of the inventory was damaged, with only a tenth of the 30% being total loss.

Although the situation was nothing spectacular by our standards, the business owner was nevertheless in a tight situation and time was definitely the most crucial element.  More than a third of his store was damaged and water and debris had damaged a third of the inventory as well.

Even after the furniture is cleared out and the mess is cleaned up, the carpets and drywall still have to be replaced and the walls have to be painted.   It may take several more weeks before the store reopens in working order.  In this situation time really is money.

Nick received the call on a Friday, began gathering information, and by Monday morning he was on a flight to Missouri.  By Tuesday afternoon, Nick and his crew had already finished the job and were on their way home.

In just six hours, Nick and his crew itemized and verified each individual piece of furniture, individually wrapped each piece, and hand loaded it on the truck.

Because of our background in the salvage industry, we’ve been trained to respond fast, respond strong, and respond with focus and diligence.  In the crisis situations that we’re usually presented with, time is of the essence and there is little room for error.  This training and preparation gives us a unique advantage over our competitors when we’re called in to pack up an inventory.  In a bankruptcy, closeout, or other non-crisis situation we just know how to get the job done right and we know how to get it done fast.

Another difficult challenge that Nick had to overcome was getting familiar with a new location, and in very short order.  With every new deal, the logistics, shipping and truck placement has to be coordinated with precision.  Underestimating this one simple task could have made the difference between one afternoon and two to three days.

For more information on Nick Shattles or our Buying Team you can go to http://hudsonsalvagellc.com or you can call 1-877-279-3353 for immediate assistance.

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Abandoned Goods

Here’s a recent article that was picked up by http://ezinearticles.com titled, “What to do with your abandoned goods.”

Abandoned goods are a little bit different than other problem inventories in that there are a few legal stipulations that you must abide by, but other than that, abandoned goods are still problem inventory.

Here’s the article:  Abandoned Goods

For a FREE inventory quote, and immediate help with your inventory liquidation
please call 1-877-279-3353.

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Categories: abandoned goods

Problem Inventory Video

There are so many new websites popping up, claiming to be inventory liquidators, that it’s hard to tell whose legit and whose not.

They all claim to pay cash up front for your inventory.  They all use similar language and share similar stories.

So how do you pick a reputable liquidation company that’s going to protect your brand and your name?

For more than 75 years Hudson Salvage, LLC. has been helping companies just like yours liquidate their inventories, protect their brands, and get fair returns for their merchandise.

We’ve worked hard to become the largest insurance salvage purchaser in the United States and to maintain a reputation as the best in the business.

Success doesn’t happen by accident.  Call 1-800-245-5924 for your inventory appraisal and find out why we’re different than the rest.

For a FREE inventory quote, and immediate help with your inventory liquidation
please call 1-877-279-3353.

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Inventory Liquidation

No job is too big for the Inventory Liquidation Specialists.

For a FREE inventory quote, and immediate help with your inventory liquidation
please call 1-877-279-3353.

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How to Liquidate Your Problem Inventory

problem inventory solutions

If you’re ready to liquidate your problem inventory, then most of the hard work is already done. The main thing is you’ve already done your research, you know that you need to take action immediately, and you understand the importance of just doing it.

So here’s the next step in the decision making process:

  • Do you want to donate your goods to charity?
  • Do you want to participate in an auction, either online or off?
  • Or do you want to hire a professional liquidation or salvage company that specializes in closeouts, overstocks, and surplus inventory to do it all for you?

Let’s go over these options so you can make a better decision.

Donate surplus inventory to charity
If you decide to donate your surplus inventory just keep in mind that you will only get a small fraction of what your cost would be and you won’t actually get cash for it.  It will be a deduction on your taxes, which could take a while for it to materialize, if at all.  If you are in need of cash quickly, for whatever reason, then this is probably not the solution that is right for you.  But if you are not in need of cash, and a meager return is okay with you, then you could write up a quick press release and turn it into a charity event that could add to your brand and give you some positive press nonetheless.

Just contact the charity of your choice and they will be glad to help you get rid of your surplus inventory.  They will probably arrange to pick it up and remove it as well.

Surplus and Overstock Auctions
Online auctions seem to be the most popular solution, but there are many pitfalls that you want to be aware of, which we will talk about momentarily.

If you choose to participate in a surplus auction instead, there are several options available, both online and offline.  You can of course, try your luck on Ebay, Yahoo, or any of the thousands of other online auction sites.  You may have some luck, but in my experiences it has been very difficult to find individual buyers for large quantities and even harder getting paid by smaller accounts and dealing with the hassle of tracking down and keeping up with all of the checks and balances.

And lastly, you can contact an auctioneer, who for a price would be glad to help you organize an auction offline.  This could lend you a bit larger return overall, but could take weeks or longer to set up and organize properly, with no guarantees.  However, this also has some similar pitfalls as an online auction that you should be aware of.

With both offline and online auctions the major downfall is that you are never 100% sure of who the end user is and where your merchandise is going to end up.  This can pose major problems for brand and channel control.  You are not entirely sure that your brand will be protected or that your own merchandise doesn’t come back to be your next competitor.

Finding the right Liquidation or Salvage Company
This is my personal recommendation.  Not only can they purchase your entire inventory upfront, but they will also load it and remove it for you as well.  If you can find the right liquidation company you should also feel safe with your channel and brand control as well.  For your “one stop shop” solution to problem inventory, finding a reliable liquidation company is definitely the way to go.

To find a trusted liquidation company to help with your problem inventory, go to Inventory Liquidators or call 1-877-279-3353 for your FREE inventory estimate today.

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