Who Buys Excess Inventory From Businesses?
Who Buys Excess Inventory From Businesses?
If your warehouse is holding products you no longer need, you may be wondering: Who buys excess inventory from businesses?
Wholesale inventory buyers like Big Willy’s Wholesale purchase qualifying new excess inventory in bulk from manufacturers, distributors, importers, brands, retailers, wholesalers and e-commerce businesses throughout the United States.
Instead of waiting months to sell surplus merchandise one unit at a time, businesses can sell pallets, truckloads and larger quantities directly to a wholesale buyer.
What Is an Excess Inventory Buyer?
An excess inventory buyer is a company that purchases merchandise another business no longer wants to hold through its normal sales or distribution channels.
This inventory can develop for many reasons. Demand may have changed, a customer may have cancelled an order, packaging may have been redesigned, a product may have been discontinued or a company may simply have purchased more inventory than it can efficiently sell.
Big Willy’s Wholesale evaluates qualifying new, unused merchandise for bulk purchase.
What Types of Excess Inventory Do Wholesalers Buy?
We consider a variety of new inventory situations, including:
- Excess inventory
- Overstock merchandise
- Closeouts
- Discontinued SKUs
- Production overruns
- Cancelled-order inventory
- Previous-packaging merchandise
- Slow-moving inventory
- Seasonal closeouts
- Excess imported merchandise
- Warehouse surplus
- Previous models
- Inventory resulting from assortment changes
Big Willy’s Wholesale purchases new merchandise only. We do not purchase customer returns, used merchandise, open-box goods, refurbished products or reconditioned merchandise.
Manufacturers: Sell Excess Production
Manufacturers can be left with finished goods after forecasts change, purchase orders are reduced, customers cancel orders or production exceeds actual demand.
If those products are already manufactured and ready for sale, holding them indefinitely can tie up warehouse space and working capital.
Big Willy’s Wholesale evaluates qualifying new production overruns, cancelled-order inventory, discontinued products and other excess finished goods.
Distributors: Sell Overstock & Slow-Moving Inventory
Distributors often carry thousands of SKUs, making excess inventory unavoidable.
A product may stop moving through normal accounts even though the merchandise remains completely new and sellable.
Rather than continuing to warehouse slow-moving products, distributors can submit excess inventory to our buying team for a bulk purchase evaluation.
Importers: Move Excess Inventory by the Pallet or Truckload
Forecast changes and cancelled orders can leave importers with containers of merchandise that no longer have an intended customer.
We evaluate new imported consumer merchandise available in pallet, truckload and multi-truckload quantities.
If the inventory has not yet arrived, include the expected arrival date and destination warehouse when submitting the opportunity.
Brands: Sell Discontinued or Previous-Packaging Inventory
Product launches and packaging changes can create surplus even when the merchandise itself remains perfectly sellable.
Big Willy’s Wholesale evaluates qualifying new inventory created by packaging changes, product discontinuations, previous models, assortment changes and excess production.
If your brand requires resale, channel or geographic restrictions, include those requirements with your submission.
Retailers & E-Commerce Sellers: Sell New Overstock
Retailers and online sellers can accumulate new merchandise after seasonal changes, product delistings, purchasing changes or slower-than-expected sales.
Selling a large inventory position to a wholesale buyer can provide an alternative to waiting for individual units to sell through.
We evaluate qualifying new and unused merchandise in bulk.
What Quantities Does Big Willy’s Wholesale Buy?
Our focus is on bulk inventory opportunities.
We evaluate multiple pallets, full truckloads, multi-truckload positions, large single-SKU quantities and mixed-SKU inventories.
Opportunities with detailed inventory information can generally be evaluated more efficiently.
What Categories Does Big Willy’s Wholesale Buy?
We evaluate new consumer merchandise across categories such as Beauty & Personal Care, Food & Beverage, Baby, Pet, Household, Electronics, Travel, Outdoor, Toys, Kitchen & Cookware, Disposable Food Service Supplies, PPE & Gloves, furniture and general merchandise.
Other categories of new consumer goods can also be submitted for consideration.
What Information Should You Send an Inventory Buyer?
If you want a serious buyer to evaluate your inventory, provide as much information as possible upfront.
Include the product name, UPC or SKU, available quantity, case pack, inventory condition, warehouse location, product photos, expiration dates when applicable, asking price and any resale restrictions.
For larger multi-SKU opportunities, send a spreadsheet or inventory manifest.
Accurate information helps our buying team determine whether the opportunity is a fit and evaluate it faster.
Why Sell Excess Inventory in Bulk?
Inventory sitting in a warehouse continues to consume resources even when it is no longer generating meaningful sales.
Selling excess inventory can help a business recover working capital, clear warehouse space, reduce carrying costs, simplify inventory management and make room for faster-moving merchandise.
The objective is not necessarily to maximize the selling price of every individual unit. For many companies, the value comes from moving a substantial inventory position efficiently.
Looking for a Company That Buys Excess Inventory?
If you've been searching for who buys excess inventory, companies that buy excess inventory, excess inventory buyers, surplus inventory buyers, overstock buyers, closeout buyers or wholesalers that buy excess merchandise, send your opportunity to Big Willy’s Wholesale.
We purchase qualifying new inventory in bulk quantities nationwide.
Sell Your Excess Inventory to Big Willy’s Wholesale
Have inventory available now?
Submit Your Inventory & Get an Offer
Include your inventory list, UPCs or SKUs, quantities, photos, warehouse location, asking price and any applicable restrictions so our buying team can evaluate the opportunity.