Online marketplace to connect European corporations, government agencies with professional buyers of wholesale, surplus and salvage assets
Washington, DC — July 27, 2006 — Liquidity Services Inc. (LSI), an online auction marketplace for wholesale, surplus and salvage assets, announced today the launch of its new online auction marketplace, www.LiquiBiz.com. The new marketplace, translated in English and German, is designed for European-based corporations and government agencies to sell wholesale, surplus and salvage goods to a European and international buyer base.
The launch of www.Liquibiz.com provides European corporations and government agencies with a liquid marketplace and value-added services to more efficiently manage the flow of goods in the reverse supply chain, LSI said. These assets include customer returns, overstock products and end-of-life goods from both corporate and government sectors.
The marketplace is designed to provide a solution to quickly bring these assets to market and enhance the financial value by attracting thousands of professional buyers seeking to purchase large lots of surplus goods.
LSI also provides integrated value-added services such as sales, marketing, logistics and customer support services. LSI holds contracts with large sellers in Europe such as the United Kingdom Ministry of Defence (MoD) and the United States Department of Defense (DoD) in the UK and Germany.
"European organizations are under pressure to meet legislative demands governing the disposition of goods in the reverse supply chain processes," said Bill Angrick, chairman and CEO of Liquidity Services. "The launch of www.Liquibiz.com better positions LSI to provide European organizations with a solution that simplifies the reverse logistics process, enhances the financial return on goods sold and allows organizations to return time and resources back to tier one business processes."
Additional Articles of Interest
- Hard data and sophisticated planning are key when goods and materials start flowing upstream through the reverse supply chain. Read more in "Meeting the Reverse Logistics Challenge" in the June/July 2005 issue of Supply & Demand Chain Executive.
- Rising supply costs have hit steel, paper, plastics and other markets, and many companies are facing the Hobson's choice of paying the higher prices or going without supply. For a look at how some companies are confronting this challenge, read the article "The Blowback of Reverse Auctions," the Final Thoughts column in the October/November 2004 issue of Supply & Demand Chain Executive.