THE GROWING CHALLENGE: RETURNS
In the last few years has moved faster retail and e-commerce landscape. Companies fiercely compete by streamlining its operations, hoping to boost margins and most consumer-friendly shopping experience. For example, executives have poured investments into forwarding logistics operations to create responsive supply chains, achieve two-day fulfilment, and support multi-channel customer journeys, among other objectives. At the same time, he adopted a more liberal return policies conform to the standards set by leading e-commerce companies and the big traditional retailers
Overall, these changes have made it much easier life for consumers and – at least in some ways – for those companies more difficult to serve them. Consumers fully expect previously unimaginable convenience levels, and they habitually avail themselves of frictionless returns by purchasing and shipping back extra items. In turn, global retail and ecommerce companies and their wholesalers and manufacturing vendors are becoming uncomfortable with the high volume and increasing volume of returned inventory, which is estimated worth more than Rs.1.4 trillion.
THE OVERLOOKED OPPORTUNITY: LIQUIDATION
Yet another trend beneath the increasingly large portion of the inventory rear: most retailers and ecommerce businesses have historically overlooked or efficiently managed their liquid processes. Some Fortune 500 companies have resigned simply to discarding inventory in the most startling cases – literally throwing away margin into compactors. In more general cases, companies have become adept at contracting with one or a few buyers, who repeatedly and aggressively drop prices, which they pay for truckloads liquidation inventory.
THE LEADING SOLUTION: RACK37
Against this backdrop, many of the largest and most retail and ecommerce companies are paying attention to the high value left on the table in their liquidation practices and turning to Rack37. Rack37 helps the world’s leading manufacturers, wholesalers, and retailers – including nine of the top ten retailers in the US – liquidate billions of bulk inventory items. Using competitive, online, B2B auctions that reach a global network of hundreds of thousands of registered and approved resellers, Rack37’s marketplaces ensure customers maximize revenue recovery on liquidation inventory and facilitate efficient liquidation processes. Additionally, Rack37’s digital solutions provide customers with control over where their list flows, as well as detailed analytical insights about their supply chain and liquidation merchandise, none of which are possible through traditional approaches to liquidation.