Technology Providing a Measurable Way to Manage Surplus Sustainably
Innovation is constant in the industry. The reverse supply chain continues to evolve with the dynamics of business trends across a number of verticals. This means that businesses are looking for partners with proven performance in this industry, driven by technology. Globalization continues to impact business and employees are often scattered across the globe and in some cases, working remotely. In the case of surplus assets, which can be as large as full-size plants, it is important that technology support scalable solutions to manage surplus.
Additionally, with the impetus on sustainability, companies can no longer dispose of surplus in landfills and the need to create cost efficiencies requires that equipment be either redeployed or sold at its maximum value. Technology is providing a measurable way to both manage and dispose of surplus sustainably while increasing recovery value.
Surplus Asset Management
Surplus asset management varies across the board from company to company and across each industry. Often times, the current solutions require large-scale integration and are difficult to navigate and train employees on. It is usually a huge lift simply to accomplish a task of their job. We pioneered a web-based platform, known as AssetZone, to manage surplus assets and have seen significant cost savings by our clients, simply through having an enterprise-wide solution that all employees can access to view and redeploy surplus to another company location or select it for sale via our online marketplace.
“We pioneered a web-based platform, known as AssetZone, to manage surplus assets and have seen significant cost savings”
To run the leading online marketplace for business surplus, it is critical to be responsive to the needs of the business and to ascertain the right solution for each client, and oftentimes, there is an IT component. Having processes in place to support the rapid development and deployment of technology solutions is important. It is also critical to be flexible and adaptable to adjust to the changing landscape of needs for our clients and buyers in our marketplaces.
We work to build an environment that encourages learning from one another – this can mean cross-training and the sharing of best practices in IT. There is a structured IT staff around the processes and business functions across the company – which helps to integrate Liquidity Services’ team within the company and empowers them to bring any issues to the forefront, which might require an innovative solution.