This company is a $15 billion company and the leading player in instant commerce in the United States.
Challenges
- This company has 6 figures of surplus a week, this happens due to a few reasons: storage capacity issues, slow moving products, packaging changes, discontinued or phased out products, and products nearing their expiration date.
- This company does not have a process to monetize this surplus so it is a consistent cost for them and directly affects their bottom line.
- Liquidators give this company offers that are pennies on the dollar and do not take all the surplus.
Solution
- Sotira integrated with this company’s storage capacity model and was able to clear all surplus in 2-5 days.
- By working with Sotira’s tech and surplus procurement network, this company was able to recoup up to 50% of costs on their surplus inventory. For comparison, this is 10 times what an average liquidator would have offered.
