Greenwoods (UK) cuts through surplus stock

Nov. 10, 2002
11 November 2002 -- Greenwoods Communications, an independent telecoms services company based in Coleshill, UK, has extended its outsourcing offering with the announcement of its new Surplus Stock Management service.

11 November 2002 -- Greenwoods Communications, an independent telecoms services company based in Coleshill, UK, has extended its outsourcing offering with the announcement of its new Surplus Stock Management service.

The service has been designed to assist carriers and OEMs in the management and disposal of excess and obsolete equipment, thereby reducing storage and handling costs. The service will see Greenwoods Communications take management of customer's surplus stock, which will then be either re-sold or recycled, with any revenue generated being shared with the customer under a gain share agreement.

During the telecoms boom, inflated expectations of market growth led to the stock piling of materials needed for anticipated network roll out plans. However, following the slump, many carriers and OEMs found themselves with large stores of products that they would never use.

This stock ties up capital both in un-realised value and storage, but with telecoms companies having to concentrate on core services, they lack the resources to deal with it. By outsourcing the management of this stock to Greenwoods, companies can enjoy cost savings and revenue returns on their superfluous assets in an environmentally-conscious way.

"Carriers and OEMs have built up huge stock piles of materials that are now surplus to requirements," said Geof Groom, surplus equipment centre manager, Greenwoods Communications. "This stock not only takes up expensive storage space, but much of it has a potential re-sale value.

In many cases, firms can have several million pounds worth of value tied up in redundant stock, so it makes sense to try and convert this obsolete inventory into revenue. The problem is that following recent cost cutting operations, telcos haven't got the manpower or the focus to do this - that's where Greenwoods comes in."

"The Surplus Stock Management service enables firms to outsource their materials management function to Greenwoods, which increases efficiency while allowing them to concentrate on their core business objectives," continued Groom.

For more information visit www.greenwoodscommunications.com

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