Excess Inventory Liquidation FAQ

Here are some Frequently Asked Questions about Smith & Associates...

What options do I have for liquidating my excess inventory?
Smith & Associates can help liquidate excess inventory, freeing up assets and valuable warehouse space. Smith has managed consignment inventory since 1992 and has a suite of scalable, customizable solutions to suit customer needs. Typical programs include:

• Consignment of excess or surplus inventory
• Non-consignment marketing and sales from lists of excess inventory
• Lot buys
• Hybrid programs based on one or more of the above

Where is the inventory held?
Smith & Associates can take possession of consigned inventory in order to free up partners' warehouse space. Partners retain title to the product.

Is it insured while in your possession?
Yes. All insurance and carrying costs are borne by Smith & Associates.

What type of products do you accept? Smith accepts CPUs, Memory, ICs, connectors, and virtually any other electronic component. Smith & Associates will evaluate all parts and make a recommendation to the customer based on each product's value and marketability.

What if I don't have the Manufacturing part numbers, date codes and qty's?
I only have my internal numbers. Smith & Associates will send regional commodities experts to client sites to evaluate the excess, then provide a detailed report to the customer.

What are the receiving steps once my inventory is delivered to Smith?
Smith will first evaluate the surplus inventory using a methodology that is based on the level of information available from the client. Upon the customer's approval, the stock is transferred to Smith's facilities and warehoused following a complete inventory.

How am I paid?
Smith pays consignment partners monthly for inventory sold during the previous month, or as stipulated in the consignment contract. Smith assumes all responsibility for receivables, so our partners get paid even if Smith does not.