Auctionworks Launches Liquidation Division, Helps Top Retailers Move Excess Inventory Online.Business Editors ATLANTA--(BUSINESS WIRE)--Dec. 10, 2001 Technology Interface Streamlines Online Liquidation Process Atlanta-based Auctionworks(TM), the leading provider of online marketplace sales management Sales Management Role and Goal Importance of sales management is critical for any commercial organization. Expanding business in not possible without increasing sales volumes, and effective sales management goal is to organize sales team work in such a manner that ensures a services, announced today the launch of a new division dedicated to the liquidation market, a leading growth category for the company. By enabling retailers to efficiently list and sell surplus products across online marketplaces such as eBay (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : EBAY), Auctionworks offers a cost-effective alternative to conventional liquidation processes. "Excess inventory has long been an enormous financial burden for retailers, distributors and manufacturers," said Alec Peters Alec Peters is a fictional police officer in the long running ITV drama The Bill. He was played by Larry Dann from 1984 to 1992. He arrives at Sun Hill in the first episode of the first series in 1984 and has his final time at the station in February 1992 after a stabbing , CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Auctionworks. "Auctionworks provides companies with access to online marketplaces and the professional services necessary that can significantly improve their margins for liquidation inventory." Auctionworks' powerful marketplace liquidation solution is designed to help retailers, distributors and manufacturers enhance online sell-through rates. Services offered include: -- Inventory listing and management -- Sales strategy support -- Sales performance reports -- Integrated payment solution -- Pick up, pack and shipping fulfillment capabilities New York-based Tech Smart, a market leader in asset-recovery solutions for office-technology equipment, uses Auctionworks to sell reconditioned re·con·di·tion tr.v. re·con·di·tioned, re·con·di·tion·ing, re·con·di·tions To restore to good condition, especially by repairing, renovating, or rebuilding. and surplus computers through online marketplaces. Auctionworks has helped the company streamline this sales process and decrease its internal costs of managing auctions. "What was once a painstaking process is now as simple as sending Auctionworks a spreadsheet of product listings which are automatically uploaded on eBay," said Jack Kiley, chief administrative officer A chief administrative officer (CAO) is responsible for administrative management of private, public or governmental corporations. The CAO is one of the highest ranking members of an organization, managing daily operations and usually reporting directly to the chief executive of TechSmart. "By doing so we've been able to increase our product listing exponentially, conserve quality time and ultimately move more merchandise." In response to a recent spike in e-commerce activity, an increasing number of high-volume retailers and liquidators are using Auctionworks to sell inventory through online marketplaces such as eBay. In November alone, Auctionworks customers sold more than $7 million of inventory on eBay. A significant portion of Auctionworks customers are using online marketplaces to liquidate excess inventory including: -- Home Depot (NYSE NYSE See: New York Stock Exchange : HD) -- Mitsubishi Electric Automation -- Public Broadcasting Service “PBS” redirects here. For other uses, see PBS (disambiguation). Not to be confused with Public Broadcasting Services in Malta. The Public Broadcasting Service (PBS (PBS PBS in full Public Broadcasting Service Private, nonprofit U.S. corporation of public television stations. PBS provides its member stations, which are supported by public funds and private contributions rather than by commercials, with educational, cultural, ) -- Excess Technologies Auctionworks is an eBay Preferred Service Provider and one of a select group enrolled in eBay's Application Program Interface and Developer's Program (API). About Auctionworks Founded in 1999, Auctionworks(TM) is the leading provider of online marketplace sales management services. The company's web-based platform is designed to streamline the sales process and help high-volume retailers, manufacturers, liquidators and distributors more efficiently sell merchandise across online marketplaces. Through its unmatched list of service offerings, domain expertise and experienced sales force, Auctionworks is poised to maximize market share in the rapidly growing Internet auction industry. For more information, visit www.auctionworks.com. |
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