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Talking about the Development Trend of Inventory Management and Inventory Recycling Industry

7/2/2018

Inventory management refers to the management of the quantity of goods in the process of logistics management. With the development of the times, the inventory management mode has been fully developed, and it has also attracted the attention of many recycle companies

"Zero inventory" has become the target of many companies. In the electronic components industry, there is too much surplus electronic parts,which will have an adverse influence for environment and related electronic company.

From the environmental protection into consideration, excess inventories will lead to further accumulation of electronic waste and environmental pollution. With the development of artificial intelligence and electronic manufacturing, how to deal with the excess inventory of electronic components and how to prevent the electronic device from becoming garbage,which become an important topic nowadays.

From the point of view of the operating company, if there are too many sluggish electronic components,on the one hand it will affect the company's development and operation, which will limit the company's net profit to a certain extent. On the other hand, it will also cause the company's cash flow to become tense. The company's business  will received a corresponding impact to sell electronic components.

How to solve the problem of surplus electronic parts inventory, many companies have started to researching the ways now. There has been a large number of companies to recycle electronic components of excess inventory .

These companies ,which recovery  excess inventory to help manage your overstocks of electronic parts. their goals is that deals with the problem of excessive excess inventory of electronic parts, helping to reduce their burden. It is worth to mentioning that ExcessChip Technology is a professional recovery company to recycle electronic components,it‘s aim at the international market. It is committed to dealing with the problem of excess inventory that many suppliers and distributor have. ExcessChip Technology has rich experience and strong professional capabilities in the field of electronic inventory recovery. ExcessChip Technology also has an independent and advanced inventory recycling system, which has a unique solution in liquidation inventory.

The rise of the electronic components inventory recovery industry will promote the overall development of the electronic components industry, which will form a complete, closed-loop industrial chain, which will involve the manufacture of electronic components, sales of electronic components, electronic components OEM, the recovery of electronic components, it can be seen that electronic components recycling will have a good development environment.

In order to control the generation of less electronic waste, it is necessary to develop a group of professional better inventory recovery companies.At the same time, the sales of electronic components and the inventory management of electronic components of manufacturer also need to improved their ability continuously . ExceChip Technology believes that the related company should develop its own inventory management system.

An excess inventory control system is used to keep excess inventory in an ideal state, and ensure to meet customer order requirements,Its success depends on maintaining a clear record periodicly and permanently.

Wanting to have a complete inventory management system ,Inventory management software often plays an important role in modern inventory control systems. It provides timely, accurate analysis, optimization and forecasting techniques for complex inventory management. Typical features of this type of software are as followes:

1. Inventory tracking and forecasting tools, using selectable algorithms and inspection cycles to identify anomalies and other areas of concern

2. Inventory optimization

3. Purchasing and supplemental tools, including automatic and manual replenishment components, inventory calculations, and batch optimization.

4. Delivery time variability management

4. The calculation and prediction of reasonable inventory.

5. Inventory cost management

6. Support for multiple locations

By these function, companies can better understand the changes in products sold, sales speed, and prices.

For example, the report can be used to predict what time it is possible to store additional products during holidays, or to make decisions about special products, discontinued products, etc.

Inventory control technology often relies on barcodes and radio frequency identification (RFID) tags to automatically identify inventory items

These can be handled with inventory management software in turn. A new trend in inventory management is to tag inventory and assets with a QR code, which can then be used to read inventory and assets on a smartphone to track inventory quantities and movements. These new systems are particularly useful for field service operations where employees need to record inventory transactions or find inventory on site without the need for a computer and handheld scanner.

For the electronic components industry, inventory control systems and technologies can also be applied, which requires the related company to continue in-depth research and analysis.Fortunately,with the development of companies to recycle electronic parts,they can solve the problem for excess inventory very well now.Some companies do not need to worry about excess inventory of electronic components, because they can control the quality of inventory by selling their excess inventory. This show that the rapid development of the times.In the future the life will be better and better. The more companies will focus on their core areas, do not have to worry about other non-core business matters, because this will be resolved by a professional company.