Liquidity Services Inc. (LSI), which specializes in comprehensive asset recovery services for businesses and the public sector, says it is providing a streamlined solution that optimizes the sale and rate of return on obsolete and discontinued inventory for The Stanley Works, a worldwide supplier of tools and security solutions for professional, industrial and consumer use. The remarketing of this inventory through online auctions on LSI's marketplace, www.Liquidation.com, provides Stanley with a faster process while generating a significantly higher rate of return versus other disposition channels.
Since establishing the relationship in January, LSI has conducted more than 260 bulk auctions for Stanley products. Items auctioned include Stanley hand and power tools, Stanley Bostitch products and more.
"By working with LSI and Liquidation.com to remarket and sell our obsolete and discontinued products, we have realized higher returns, faster turnaround and tremendous efficiencies in the reverse supply chain," says Joseph Scarpantonio, manager, inventory liquidations, and Kristin Waltz, inventory exit coordinator.
"Stanley has used many traditional liquidation methods and various online channels for discontinued and obsolete products, and LSI has proven to be a superior solution and consistently provides incomparable value throughout the entire process."
Visit www.liquidityservicesinc.com for more information on the Washington, D.C.-based company.