Liquidity Services leapfrogged the traditional ship-direct or sell-in-place truckload level solution by aggregating product to integrate into our Liquidation.com auction technology. We consider optimal product weights and dimensions, along with category, description and value, and then build virtual pallets for sale.
This custom API software integration allows the retailer to virtually send inventory to Liquidity Services, where we build pallet or multi-pallet level auctions to sell on Liquidation.com.
It is not until the auction closes that actual picking and fulfillment is performed at the retailer’s warehouse, which eliminates unnecessary touches between seller and buyer . . . and, it saves warehouse floor space, since product remains located in its rack position until dispositioned.
This solution works with built-in logic to automate auction lotting by product category and value. This capability not only boosts recovery, but it also provides scalability. There is no product pulling, no labor, and no handling involved unless the product sells. Everything is done virtually.
Product is not transferred to Liquidity Services until after the auction is completed (via flash sale from the retailer)—eliminating all shipping to the warehouse. Liquidity Services handles any applicable tax collection or tax exemption requirements directly with the buyer.