Excess inventories are always a migraine as it not just occupies precious space but leads additional costs in buying those excess spares and spending on scrapping too; but then, surplus stocks can hold some value where one can even make some revenue out of these excess commodities. • Low Price Buyers are on the lookout … Continue reading Benefits in Buying & Selling Excess MRO inventory
Traditionally industrial spare parts have been sourced, procured through offline mode. But with the dynamics of the industry changing rapidly, this process is set to be taken over by storm. Yes, the next big wave is coming! There are a number of benefits coming through online, and that the user behaviours undergoing major transformation. • … Continue reading Industrial Spare Parts Online – The Next Big Wave
Small business owners always look for minimizing the spend and profit. Industrial buying process is not easy as consumer buying, where it needs to consider so many factors like availability, warehouse space, logistics, finance, etc. With an objective to get the best deal for the company. Inventory liquidation purchases Shelf pulls are one of the … Continue reading How to buy MRO spare parts at half the cost?
Every industrial organization, either big or small, deal with MRO procurement, MRO Sourcing etc. In this process they usually buy new spare parts from the market. Many of their requirements can be critical in nature and so immediate delivery option is explored right then. Purchase Managers, Head of Procurement have a standard process in sourcing … Continue reading Challenges in sourcing MRO Spare parts today
More and more industrial spares products are being sold every other day, which usually comes with risk in any industrial procurement. This article will explain the risks faced by procurement professionals and how to handle those better when buying Industrial / MRO Spares. Difficulties in purchasing Industrial Spare Parts Procurement professionals in spare parts industries … Continue reading Best ways to buy Industrial Spare Parts
Need for a circular economy The linear model of resource consumption and production has dominated the global economic system. The system works on the principle of “use-produce-dispose.” In this linear model, goods are manufactured from raw materials, used by the consumers and the materials are finally discarded as waste after its useful life. Efficiency and … Continue reading Need for a circular economy
The linear economic model is reaching its physical limits. In this linear model, goods are manufactured from raw materials, used by the consumers and the materials are finally discarded as waste after its useful life. Any system based on consumption rather than on the restorative use of resources entails significant losses along the value chain. … Continue reading Role of Goospares in circular economy