Online auctions can help streamline the process of getting cash for returned or unsold products, supply-chain executives say.
David M. Katz, CFO.com | US
December 2, 2010
I think using auctions is a fantastic idea to remove excess inventory and increase a firms cash flow. That being said the avenues for auctioning inventory are not always as wide spread as some would like, especially outside the US, if you want auction inventory directly to the public where higher margins an be achieved. One new auction model that has just launched is a marketplace for pay per bid auctions. This allows sellers to either get a guaranteed selling price or take more of a punt and potential receive significantly higher than the normal selling price if their products are popular. The only site offering this service is http://exceet.com. It's like an eBay for pay per bid auctions.
Posted by Emlyn Scott | December 03, 2010 05:16 am© CFO Publishing Corporation 2009. All rights reserved.