An innovative new website helps manufacturing companies reduce losses by offering unused cutting tool inventory directly to online buyers.
The manufacturing industry experiences constant change which can have a significant impact on a company’s budget and income. Whether a manufacturer gains a client, loses a client, or a client requests changes or adjustments to current product designs, the manufacturing company is required to adjust their cutting tools to meet the new demand. When this occurs, the manufacturer is left holding outdated tools in their inventory and footing the bill for new cutting tools.
No Longer Settle with a Business Loss
In the past, unused cutting tool inventory was considered a business expense and companies simply had to cut their losses and move on. The expense of these changes cut into profits, but there seemed to be no way around it. Furthermore, the expense and hassle of storing tools that were no longer used was also a recognized business loss. With few viable options for storing or recycling the product, companies simply accumulated unused inventory. However, thanks to the innovative new services from ToolingMarketplace.com, manufacturers can now buy and sell cutting tool inventory directly with other suppliers, manufacturers, and end users.
Liquidate Old Inventory
This finally allows manufacturers to move out old inventory and reduce losses when they discontinue a project and no longer need the associated cutting tools. Thanks to ToolingMarketplace.com, manufacturing companies no longer have to sit on unused materials. Rather, they can list inventory online and connect with buyers across the world searching for their exact product. For the first time, industrial inventories are accessible to others and companies are able to recoup their losses on unused cutting materials. This also provides manufacturers with greater flexibility because they can purchase cutting products from another distributor as needed for specific projects.
Purchase New Cutting Tools at a Discount
On the website, sellers can list the tools they are offering for sale and buyers can search the listings to find a great price on the tools they need. Distributors can also search the website for a great price on the specific brand, grade, chip breaker, or other machine cutting tool they need for each client. All sales are managed safely and efficiently so buyers and sellers can conveniently and securely interact with one another resulting in significant savings for both the buyers and the seller.
Industrial Surplus Solutions, Inc. strives to be the industrial community’s premier online resource by building a marketplace that serves as a hub for buying, selling, marketing and exchanging products, ideas and information in the industrial community. Our mission is built on the foundation of our values; honesty, integrity, social responsibility and ethical business practices, which distinguish us and guide our actions. We value our customers, and deliver on our promises, in an effort to create sustainable growth in the industrial community through our services and solutions. Our combined leadership brings over 100 years of industrial experience. www.toolingmarketplace.com is just the beginning.
Industrial Surplus Solutions
100 Illinois Street Suite 200
St. Charles, IL 60174