Sep 10, 2008 04:52 PM
2227 Views
We have been using them for a year.There is a vast improvement compared to the previous alternatives of doing physical ie actual sale of capital and regular goods. The realisations are upto 60% better and our involvement (people/time, headaches) is down 90%. We should have used them sooner.
They have a large pool of experts who evaluated the type of goods to be sold and create intelligent lots and more importantly get a large buyer base to the auctions. We were surprised to see our goods being bought by buyers located far outside. The value discovery previously was only with local types and therefore inefficient in hindsight.
We now want to move from having a few centres in the south using it to a national level. It is amazing that there are professional, high quality service providers like this and we in the manufacturing space are only now becoming aware of.
