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While there are umpteen e-commerce portals to source one’s requirements, how do manufacturers and OEMs dispense with the stock-on-hand?
This is exactly what industrybuying.com is attempting to address with the launch of a B2B inventory-clearing platform.
The platform lists excess inventory held by industrial and B2B manufacturers, and OEMs on a monthly basis.
This listing, according to the portal’s co-founder Rahul Gupta would facilitate those looking for such goods to place orders online. Industrybuying has tied up with a logistics provider to ensure nationwide delivery.
“Most OEMs take stock of the inventory at the end of every month or offer some scheme at the end of every quarter to clear the excess stock-on-hand. Studies show that an estimated 10 to 15 per cent of manufacturers’ inventory either becomes “dead” or “obsolete”, and such stocks if liquidated quickly would ensure better cash flow.
“Our focus is on addressing this gap in the industrial B2B space,” explains Gupta, justifying the launch.
The company has over 30,000 registered SMEs shopping on its portal, over 3,000 products under its “Hot Deals” – Inventory liquidation programme, and is adding more every day.
“Customers can get single point access to entire inventory of various brands and products at cheap prices via this inventory clearing marketplace,” he said.
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