KING OF PRUSSIA, Pa., Sept. 27, 2016 /PRNewswire/ -- Radial, the leading omnichannel commerce technology and operations provider, today announced the beta release of Radial Inventory Remarketing Services for Fulfillment clients. The fully-managed service combines Radial Fulfillment and Marketplaces services to help clients realize higher profit margins on inventory that would traditionally be targeted for liquidation – a costly process in the retail industry. Radial Fulfillment clients now have a simple and more profitable way to clear warehouse space for more popular products and greater control over how their products are remarketed without expending their own time and resources.
"The inventory liquidation market is big business – $127 billion in the United States alone and $500 billion globally," explained Stefan Weitz, Chief Product and Strategy Officer at Radial. "Liquidation is a costly process for retailers, and not just because they only receive $0.10 on the dollar for an item or bulk lot. There are at least six steps – manpower, transportation, negotiations, administration, etc. – and the associated costs that Radial Inventory Remarketing Services eliminate over traditional liquidation. Plus, there's no chance for the intangible impact of negative brand image when high-value products turn up on the floor of a local discount retailer and the original brand has no control of how their merchandise is marketed or priced."
Radial Inventory Remarketing Services remove the burden and cost of traditional liquidation, protect a retailer's brand and maximize profits by:
- Remarketing excess inventory via Radial's full-service Marketplaces channel management
- Utilizing existing Radial Fulfillment and Transportation services and rates to fulfill and ship orders
- Merchandising and SKU setup based on client-provided content and pricing
- Transitioning products from client's web store to Radial Marketplaces where products can be sold at a discount on Amazon, eBay, Jet.com, Sears, and Walmart
- Providing a simple "liquidation" model controlled by the retailer to maximize financial recovery
"We looked at our fulfillment clients that were paying us to essentially be a long-term storage facility for excess inventory, and we asked ourselves, how can we help these clients make their warehouse space and slow-moving inventory more profitable?" said Sean McCartney, Executive Vice President Global Operations at Radial. "The answer –eliminate liquidation. It's a win for us because we're doing what we were meant to do – fulfill and ship orders –and it's a win for our clients to the tune of an estimated 30-40 percent lift in margins on excess inventory."
Contact Radial Inventory Remarketing Services for more information.
Radial is the leader in omnichannel commerce technology and operations, enabling brands and retailers to profitably exceed retail customer expectations. Radial's technical, powerful omnichannel solutions connect supply and demand through efficient fulfillment and transportation options, intelligent fraud detection, payments, and tax systems, and personalized customer care services.
Hundreds of retailers and brands confidently partner with Radial to simplify their post-click commerce and improve their customer experiences. Radial brings flexibility and scalability to their supply chains and optimizes how, when and where orders go from desire to delivery. Learn how we work with you at www.radial.com.
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