Ecommerce B2B platform Industrybuying.com has launched a B2B inventory liquidation ecommerce platform.
The platform lists excess inventory from industrial and B2B manufacturers and OEMs on a monthly basis and puts it online to be sold to customers all over India announced the press release. Industrybuying provides nationwide delivery to fulfill these orders.
It is estimated that upto 10-15% of manufacturers’ inventory gets classified as “dead” or “obsolete” and needs to be liquidated to release cash. Most OEMs implement end of month or end of quarter schemes to clear this excess inventory and make way for newer products and models.
The company has over 3000 products under its “Hot Deals” Inventory liquidation program, and is adding more every day.
Rahul Gupta, Co-Founder, Industrybuying.com, commented, “Our focus is to address every gap in the industrial B2B space via ecommerce – Excess Inventory is a relevant and large component of the B2B story that has not been addressed before. Our aim is to provide the fastest liquidation possible to manufacturers and the best prices to customers so it’s a win-win for everyone.”