Smith, a leading global distributor of electronic components and
semiconductors, today announces the launch of its online
marketplace, SmithTrade™. This flexible and customizable
part-exchange platform is an exclusive, value-add service available
to approved Smith customers.
HOUSTON, July 9, 2024
/PRNewswire-PRWeb/ -- Smith, a leading global distributor of
electronic components and semiconductors, today announces the
launch of its online marketplace, SmithTrade™. This
flexible and customizable part-exchange platform is an exclusive,
value-add service available to approved Smith customers.
"We are excited to add SmithTrade™ to our
comprehensive suite of supply chain solutions, which will allow us
to better serve our global partners," said Mark Barnhill, Chief Executive Officer at
Smith.
SmithTrade™ efficiently and effectively matches excess inventory
from approved sellers with verified buyers worldwide, providing
users with access to thousands of competitively priced excess
components. All transactions on SmithTrade™ are thoroughly
evaluated by Smith's commodity experts, and all products undergo
the company's comprehensive inspection and testing process to
ensure order accuracy.
"Surplus inventory has been an ongoing struggle for companies
across every industry, and Smith has spent the past 40 years
helping our customers find easy and effective strategies to manage
their excess," said Marc Barnhill,
Chief Executive Officer at Smith. "We are excited to add
SmithTrade™ to our comprehensive suite of supply chain solutions,
which will allow us to better serve our global partners."
SmithTrade™ Key Benefits
Secure Deals – All transactions are conducted through the
SmithTrade™ platform, backed by Smith's terms and conditions.
Flexible Selling – Sellers can set their own prices and sell
when it suits them best. Excess lists and watchlists can be easily
updated as needs change.
Buy or Bid – Buyers can utilize SmithTrade's auction-style
platform to purchase premium parts at bargain prices or buy direct
to avoid the wait and secure essential parts with just one
click.
Watchlist – Users can create watchlists to track upcoming
demand, in-transit products, and at-risk aging inventory, making it
simple to monitor high-value inventory and key components for
builds.
Global Reach – SmithTrade's secure platform provides visibility
into Smith's worldwide supplier network, inventory levels, and
customer base.
Quality Assurance – All sellers must be approved through Smith's
stringent screening process to ensure products are authentic and
high quality.
Smith-Driven Platform – SmithTrade™ offers a hassle-free
experience with no hidden costs to purchase, and sellers profit
from a straightforward revenue-share agreement.
Market Intelligence – Users of the platform can stay up to date
on the latest market trends to inform their decision-making.
Data Verification – All data in the system is verified before
transactions are finalized, and dedicated account managers are
assigned to all buyers and sellers to provide support at every step
of the process.
About Smith
Founded in 1984, Smith is celebrating 40 years of Intelligent
Distribution™. As a leading independent distributor of electronic
components, Smith sources, manages, tests, and ships billions of
components to partners worldwide in every industry and vertical.
Offering a comprehensive suite of flexible and scalable supply
chain solutions, Smith identifies and delivers customized service
programs to support its customers' success. The company's expertise
is backed by decades of market data, cutting-edge technology, and a
systems-based approach to quality excellence. Smith has generated
more than USD $12.9 billion in global
revenue since 2019 and ranks eleventh among all global
distributors. Visit http://www.smithweb.com to learn more.
Media Contact
Sara Tubbs, Smith, +1
713.430.2619, stubbs@nfsmith.com, smithweb.com
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SOURCE Smith