Dallas, TX June 11, 2024 - CalcuQuote, a leading supply chain solutions provider for the electronics industry, announced exciting updates for StockCQ, a trusted marketplace designed to help electronics manufacturers trade excess inventory. To help more industry stakeholders reduce their excess inventory efficiently, the platform is now open to a broader range of users, including distributors, brokers, and resellers. Users also have the option to work with a third-party partner, Astute Group, a globally recognized component distributor, to facilitate transactions including inspections, transferring funds, and delivery. These updates aim to simplify buying and selling excess components, reduce inventory waste, and strengthen supply chain resilience. StockCQ is free of charge, reinforcing CalcuQuote’s commitment to serving the electronics ecosystem and building a more connected electronics supply chain.
"As the electronics supply chain shifts from a shortage market to an excess market, StockCQ continues to play a role in helping the industry move inventory to where it can be utilized," said David Paschall, Director of New Business Development at CalcuQuote. "With the latest updates to StockCQ, including expanded user access and the option to leverage Astute’s expertise and services, we are enabling StockCQ users to effectively manage their excess inventory and broaden their supply base.”
With an expanded user base, StockCQ enhances connectivity within the electronics ecosystem, promoting a seamless flow of excess inventory. These updates bring significant benefits to the industry, making it easier than ever to reduce surplus stock and source rare components. The larger pool of potential buyers increases the chances of successful transactions. Also, the optional collaboration with Astute Group simplifies the commercial aspects of the transaction while adding a layer of trust to the process. It helps manufacturers save time and resources while ensuring the quality and reliability of transactions.
"We are excited to work with an industry leader like CalcuQuote." Said Mark Pollard, the President & COO at Astute Group. “Our collaboration will enable StockCQ users to trade their excess inventory effortlessly through a streamlined and reliable transaction process."
Join the marketplace by simply uploading your excess inventory list today via https://www.calcuquote.com/stockcq.
About CalcuQuote
CalcuQuote provides software solutions that optimize supply chain operations across sourcing, purchasing, quoting, and supplier collaboration, serving as a strategic partner to EMS companies, OEMs, and component suppliers. The CQ platform offers access to real-time supply data and seamless API integrations, ensuring end-to-end management that significantly improves the speed, accuracy, and efficiency of supply chain processes. Founded in 2014, CalcuQuote now serves hundreds of companies across the globe. Committed to reinventing the supply chain, CalcuQuote establishes its platform as an indispensable system for the future of the electronics industry. For more information, visit www.calcuquote.com.
About Astute Group
Since 1989, Astute Group has been a global leader in distribution, sourcing, logistics, and inspection solutions, shielding customers from poor quality with a commitment to continuous improvement as exemplified by their recent AS6171 certification. With an ever expanding global footprint, Astute has strategically located inspection labs and distribution centers in all major regions to facilitate supply chain services wherever our customers need us; whether kitting, LTB management, franchise stocking program, etc. For more info, please visit: www.astutegroup.com