Humble Sustainability: An inventory buyer in the Philippines

VillageConnectph | Humble Sustainability: An inventory buyer in the Philippines |

The inventory dilemma

If your business is the type that deals with product inventory, striking the balance between ‘too little’ and ‘too much’ is crucial. 

Place too little of order and you may find yourself running out of merchandise to sell, having to label products as out of stock, and possibly missing out on opportunities to reach your sales targets. 

However, stocking up on large quantities of merchandise isn’t ideal either. Having a surplus of inventory can lead to all sorts of challenges, beginning with figuring out what you can do with all your extra products.

Now, not all excess stock is detrimental to your business. For example, safety stock is a type of excess inventory that serves as a buffer between your forecasted and actual demand levels. However, if this merchandise remains unsold for prolonged periods of time, then this situation can quickly become problematic.

Think of it this way: surplus inventory that stays stagnant in your warehouse takes up space, increases your holding costs, and consumes resources that could have been used towards better selling or newer products. Furthermore, these items only get more difficult to sell over time as they slowly decrease in value whether it be due to them going out of style or becoming obsolete.

If you find yourself in this sort of inventory dilemma, don’t worry. All is not lost. Don’t panic and simply dispose of these items. Your excess inventory still has some value. You just need to find the right people who can see it. To do this, you need to turn to an inventory buyer.

What is an inventory buyer?

An inventory buyer in this context is synonymous with a liquidation partner.  Essentially, the goal of these buyers is to either offload your business of the excess merchandise eating away at your resources or partner up with you in order to sell these items often at a lower or discounted price.

By liquidating your items to inventory buyers, your business can free up some storage space, access capital tied up in slow-moving goods, or generate value from merchandise that may be difficult to sell. They can even share with you their expertise when it comes to managing excess inventory, such as how to price your excess items (valuation), give you ideas for marketing initiatives to help sell them, and of course, help you recover the maximum value from these surplus stocks due to competitive pricing strategies and their network of buyers.

Of course, you can always attempt to do this process in-house. The advantage of working with an inventory buyer or professional liquidator is their proven expertise in asset liquidation. Their expertise can simplify and quicken the liquidation process, allowing you to focus on running your business. Another benefit is your peace of mind: when you leave your excess inventory in the hands of these experts, you can be more confident that it will still generate a significant value.

The next question is, out of all the inventory buyers and liquidation companies out there, how do you know which one is the right partner for your business? You need a partner that is simultaneously efficient, effective, and of course, aligned with your company’s values.

Well, you don’t need to look any further because we’ve got the answer for you.

Humble Sustainability: Your inventory management partner

Humble Sustainability is a liquidation company in the Philippines with a purpose. Humble helps businesses recover value from their returned items, excess stocks, aging inventory, and more. They do this by recognizing the potential in items that would have otherwise been considered obsolete. As a result, they’ve helped companies all over the Philippines recover anywhere from 15% up to 80% of revenue from their assets. Humble’s mission is also fueled by a love for our planet: by liquidating these items, they are able to save these from ending up as waste in landfills.

How do they do it? Once Humble acquires the inventory of companies, their team sorts the items according to their tiering system: high-value items go to Thrift by Humble, their own online thrift shop that empowers consumers to shift to sustainable shopping and participate in the circular economy.  The rest of the items go to Humble’s vast network of B2B buyers and partner resellers, recyclers, and upcyclers.

In summary, Humble offers a win-win solution to your inventory dilemma. Your business gets to recover your investment stored in this unsold merchandise, buyers get access to high-quality products at a fraction of the price, and our environment receives less damage as these items are diverted from landfills.

What types of inventory does  Humble Sustainability buy?

Now that you’ve met Humble, you may be wondering what items you can liquidate to the company.  While Humble doesn’t discriminate against your inventory, they’ve taken a special interest in the following common types of stock that may be causing your business problems:

Excess Inventory

Excess inventory is the products in your warehouse that are left sitting around after customers’ demands for these products have been met. These can result from inaccurate forecasts of consumer demands, take the form of leftover seasonal merchandise from the holidays, or objects no longer in trend.

Aged Inventory

Aged inventory refers to items that have been in your warehouse anywhere between 60 or 90 days. These are unsold merchandise that hasn’t been in storage long enough to be considered dead or obsolete.

Dead stock

Dead inventory is composed of items that have incurred some damage or have almost zero demand from customers, thus rendering them unsellable. It is also known as obsolete inventory and refers to goods that have remained unsold for more than 180 days.

Returned items

You might have encountered a few customers who, after successfully receiving their order, decide to ship them back to you for many reasons. Product returns are very common in the e-commerce industry, but companies from other industries are not immune to it as well.

Even if the item is in its original packaging and remains in great condition, the mere fact that the item has been unsealed from its original packaging already decreases its value, making it a great candidate for inventory buyers to purchase.

Start selling with Humble Sustainability

Humble provides efficient and effective liquidation solutions to companies all over the country. They accept items from a wide range of categories such as tech, fashion, home, and living, you name it!

Make your returns and excess inventory the hero or buy sustainably sourced items in bulk. Start your business’ sustainable journey with Humble Sustainability today!

Send us an email: team@humblesustainability.com | Contact us through mobile: +63 915 573 9111 | Our warehouse: 664 Sgt. Bumatay St. Mandaluyong City, Metro Manila, Philippines | Join The Humbler Community