How Electronics Manufacturers Can Start to Turn It Around in 2020

As Q2 2020 Closes, many larger OEM and CEM facilities have begun to reopen. The plethora of challenges facing Supply Chain Professionals in these times are prolific. Many orders, and corresponding builds, have been delayed or canceled altogether. New orders for different products are also on the rise as the new normal dictates.

I’ve spoken with many Purchasing professionals, materials managers, and planners at our OEM and EMS partners and there is one thing they all agree on:

“2020, not even half-way finished, is already the most challenging year that my company have faced. EVER!”

Many companies are coming back to a hangover heavy with suddenly unneeded electronic components that had been bought for reduced or canceled builds. With the lag between starting back up and delivery of finished goods, the staggered return of the workforce, and increased cost due to social distancing and PPE compliance, there are lots of new expenses for companies as well. Once the PPP funds and cash reserves are tapped, there is another potential resource.

Take some time to review your current inventory vs demand and identify the surplus components that you either need less of, or no longer need at all. Once you have your list of excess electronic components, industrial automation equipment, LCD, FPGA, Memory, or finished goods, you can simply click on the Gold button below for a “Free Excess Appraisal” and within hours one of our buyers will respond to you with an offer range for your excess.

Once we have your excel list of excess including the quantities, part #’s, mfg, datecode, and original cost, we can typically come back with an offer within 48 hours or less! We take care of all the shipping costs and coordinating the pickup. Within 1 week of reading this blog you can have your dead inventory converted back into cashflow.


iBuyXS, The Best Place on the Internet to Sell Your Excess Electronic Components

Because…2020. What once was destined to be a year laden with 2020 vision references and puns, a year for clarity and perspective, the optimistic start of a new decade powered by new technologies like 5G, augmented reality, autonomous vehicles, and a host of other technology-laden devices has mutated into a year of contingencies, redirects, and plan B’s. Whom would have thought, in an election year, that “Red states” would be headlining as a non-political reference? 

Q3 is barely half-way done and, already, we have had a record number of top-tier, mid-sized, and smaller OEM and Electronic Manufacturing Services technology companies who have had cancelled, reduced, or delayed orders. Still, others had to adjust their production due to quarantining and lack of workers/time on the manufacturing floor.  That has led to a multitude of lost revenues and, retroactively, bad spends on electronic components and even finished goods with no current home. 

While no purchasing professional could possibly have foreseen the events of 2020, it’s important to ask this 1 key question:

“If I knew then, what I know now, would I have bought this material?”

Nobody likes to have to scrap materials for nothing but the write-off. iBuyXS has had great success bringing the highest possible returns on excess. We employ a unique model that makes us the leanest solution and enables us to sell electronic component excess at competitive prices and still bring returns of up to 100% of original cost. Although 100% is rare, we have had multiple times this year where market conditions have presented in such a way that excess items are in a shortage and the OEM was able to recoup their full cost. The key to that scenario is that our buyers have the experience to know the difference. We know the difference between a commodity item and a customized connector that has no value on the open market. 

Simply send us your list of excess inventory including the QTY, MFG Part #, MFG, Datecode, and original cost on each item. We will run a BOM analysis for free and get back to you within 24 hours with a plan. Just click the button:

or go to our website

Now is the Time to Use Your 2020 Foresight

Get a jump on purging your dead, overbought, unsold, or otherwise excess inventory and don’t start FY 2020 carrying that extra weight around

December is the time of year when many of us may start to notice we might have indulged a bit too much while building up to the holidays. It’s easy to get lost a bit in the optimism of the season and the knowledge that the New Year is just around the corner just in time for resolutions.

For the electronics manufacturing sector our work lives can parallel that scenario. Many companies gorged on the Christmas build and loaded up for Black Friday and Cyber Monday. While the sales numbers are not in yet, one thing is certain; if you are a supply chain professional, like a materials manager or purchasing pro, by now you have a pretty good idea what you have that will be excess to start 2020. 

With Amazon and Uber eats and same day deliveries we’ve become used to instant gratification. Shedding excess, generally speaking, has not caught up to that pace. At iBuyXS, if you send us your excess list, even if it is 1,000 lines or more we can give you an appraisal of the value in 1 hour or less. We often can get you an offer the same day and the parts can be shipped out as soon as you have them ready. Simply click below, send us your excel file with your parts, and clear your books and your warehouse within a week! We buy all things electronic including electronic components, switchgear, FPGA, memory, SSD, cameras and other finished goods. 

Click, Purge, Start 2020 Leaner.