Industry Is Not Industry Without the Supplies

Posted on: 17 November 2020

Excess inventory can be a burden for any business. The challenge is two-fold: valuable space in the warehouse is overtaken by parts that aren't really needed, and money is lost on pieces that are simply sitting on a shelf. This is often the case with industrial companies that have a surplus of tube fittings. To solve the problem, businesses can turn to a tube fittings buyer who will purchase the extra parts for cash. If your company has a significant amount of leftover tube fittings, be sure to use some of these tips to find a buyer who will take the parts off of your hands.

1) Look for a buyer that offers a fair price.

Although the parts are not being used, you should still receive reasonable compensation for them. Search for companies that purchase surplus steel, metal and industrial products. Then, ask those potential buyers how they determine price. For example, find out if there is a set price for certain types of tube fittings, or if the buyer tailors the offers on a case-by-case basis. Inquire if the buyer imposes a limit on the number of fittings that will be accepted, such as a minimum amount of parts that must be sold in a single transaction. Confirm whether or not there is a price difference for parts in better condition versus those that are a bit worn down. Having a general idea about how the buyer calculates price will eliminate any misunderstandings and ensure that everyone is on the same page.

2) Find a buyer that will help with removal of your inventory.

Ideally, your buyer should take care of loading and transporting the surplus from your warehouse. They should manage the logistics of how and when parts will be removed, from start to finish. If the buyer does not offer direct retrieval from your location, ask how the shipping arrangements will be handled. Additionally, be sure to get an expected timeframe for the pickup as well. Avoid companies that cannot provide a clear estimate of how long it will take for the tube fittings to be moved.

3) Understand how the payment process works.

It is important to choose a buyer that offers a fast turnaround time when it comes to your payment. Some surplus buyers will pay for your tube fittings immediately up front, while others issue invoices that could take a few weeks to fulfill. Find a buyer with a flexible payment process that works for your business. In other words, don't choose a company that pays their clients on a monthly cycle if you want the money quickly. Furthermore, ask if the buyer will cut a check for your tube fittings or if cash is given after you strike the final deal.

If your warehouse or facility has an excess of tube fittings on hand, look for a tube fittings buyer that will pay a great price and provide you with a stress-free selling experience.