Challenge
A privately held, well-financed mobile wireless company had experienced a recent explosive growth surge in the first two quarters of 2004--surpassing profit projections by exceeding the previous year's sales tenfold. As a result of this sales peak, the company had accumulated large inventories of older technology, finished goods, and obsolete components. In addition to the surplus, the company had been storing the obsolete material at their contract manufacturer's site and had been paying extremely high storage fees.
Solution
Sea View provided a solution that solved the company's current inventory challenge as well as its future inventory management needs. Sea View moved all of the company's excess material to Sea View on consignment--with no transportation or storage costs. By turning a manufacturing liability into revenue, Sea View continues to send the company monthly payments for material sold or scrapped.
Long Term Partnership
As a result of this inventory solution, the mobile wireless product company sends excess material to Sea View on a regular basis, remaining free of costly surplus. Because of its global supply chain sourcing abilities, Sea View also assists the company with shortages and PPI programs to meet the company's considerable growth projections.