1. Value Addition
Resource Optimisation
Environment Preservation
We believe that every scarce resource has a value to find a potential application than to be
used as a scrape. Goospares would be a dedicated virtual marketplace for business units to
trade their excess, unused and idle inventory. In provision of its service, it would add value to
the business units, economy, society along with protecting our own global environment
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2. Current Business scenario
• Exponential Growth in Technology
• Technological Ability implies increase in
the speed of information processing or
enhanced productivity
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3. Issues and consequence with rapid technological advancement
Issues
• Industrial parts used in the initial device configuration do not find an
application in the newer versions of the devices
• In some cases, even the Industrial device becomes obsolete due to
adoption of another device
Consequence
• Piling of excess, unused and obsolete inventory at the warehouse
• Loss of material resources due to piling of idle inventories.
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4. Problems faced by business units
• Financial blockages due to increase in
idle inventory flooding the
warehouses
• Increase in the cost of warehouse
management
• Wastage of Time and energy to handle
the idle inventory
Consequence
• Business Units sell out the
excess, unused and idle
inventory as scrape to clear
their shelf space
Issues with Scrape
• No value is added to the
inventory (wastage of scarce
recourses)
• Environmental concerns
• Business Units are unable to
recover the purchase or
production cost of the
inventory
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5. Identificationofbusiness
need
• Business Units do not want to utilize
their time and energy in focusing on
inventory of historical demand
• Realize a fair value for the inventory
Existingvacuuminthe
industry
• No players to trade in unused, slow
and non-moving spares
• Very few players to trade in unused
slow and non-moving inventory
• Limited players to trade in excess
inventory of current demand
Business need Opportunity
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6. Analysing the Problem
Reasons for piling up of excess, slow moving and non-moving inventory
Preventive Maintenance-accumulation of spares
Forecasting errors-Excess production
Technological Obsolescence-Lack of demand
Technological obsolescence-Lack of demand
Size of market is limited-Restricted avenue to sell
Technological obsolescence-Lack of demand
Size of market is limited-restricted avenue to sell
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7. About GOOSPARES
“Right buyer/seller + Non-moving/Slow-moving Inventory + Resource and Cost Optimization = Goospares”
• Goospares.com is a dedicated virtual marketplace for businesses to trade unused idle assets which
include finished goods, under-utilized/unused equipment, surplus materials, slow and obsolete
materials, nonmoving products/materials, raw materials and MRO spare parts
• Thus Goospares enable buyers and sellers to add value to the hitherto declared idle stocks of sellers
• With a motivated team, GOOSPARES employs the best talent in the industry to satisfy client
requirements and have a high degree of business acumen to understand the business problems and
accordingly deliver the apt services
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8. Goospares-Vision statement
To emerge as the leading virtual warehouse for Industrial Goods and to be the one stop destination for
the sellers and buyers to trade in excess, unused and idle industrial goods. In provision of its service,
GOOSPARES would commit to attain the following goals: -
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Sellers To enable the sellers liquidate their excess unused inventory at a fair value
Buyers To procure quality products at comparatively lower price
People To develop a work culture where people work to optimally utilize available resources
by minimizing wastage and shifting of spares from one business unit to others.
Technology To induce the business units dispose off spares outdated for art of technology along
with helping others produce required spares at relatively lower prices.
Economy Guiding the supplier to dispose of idle inventory at fair prices and ensuring scale of
economies for others by offering to buy sought assets at relatively lower prices.
Environment Being a globally responsible company that promotes maximum utilization of available
resources with least wastage.
9. Goospares-Mission statement
The mission statement declares our purpose as a company and it serves as the standard against
which we weigh our actions and decisions
To enable the sellers dispose of their excess inventory by realizing more than scrap value
To enable the buyers procure quality products at a price comparatively lower than market price
To extensively use technology to ensure that excess inventory at one place finds its relevant
application in another place before it goes dump as scrape.
To contribute to the sustainable development of the planet by promoting the values of Reduce,
Reuse and Recycle
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10. Allowing business unit to
optimally utilize spares held
as idle at other business unit.
Sellers realizing a fair value
for their idle inventory stock
Buyers procuring quality
spare parts at comparatively
lower prices
Allowing sellers to liquidate
assets held as idle spares
Utilizing idle spares helps
reduced need for production
Saving of resources for
buyers to procure required
materials at lower prices
Formation of Social capital
by networking between the
units in particular sector
Connecting the potential
suppliers transfer resources
to target buyers
Promotes optimal utilization
of available resources
Protecting environment with
minimizing wastage of
resources
Business Units Economy Society Environment
Value Offering of Goospares
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11. About GOOSPARES
SELLERS
Excess Materials Holder
• Non-moving items
• Slow-moving items
• Idle items
BUYERS
Competitive Price Seeker
• Quality Products
• Competitive price
• Value for Money
GOOSPARES
Business model: B2B
MRO Spares
Production
/Industrial
Equipment's
Excess, unused and idle
Inventory
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12. Current problems in the Market
• Advancements in technology leads to faster obsolescence of existing products
• Obsolescence results in dead inventory or non-moving items
• This results in under utilization of warehouse space and the working capital is also locked up
• Mostly dead inventory of materials is disposed-off as scarp which does not add any value to these
inventory
• In certain cases, forecasting errors and fluctuations in demand results in accumulation of materials
and products in warehouse
• These gets accumulated in the warehouse as slow-moving items
Goospares aims to provide solution to this business problem by providing firms an avenue
to move their slow and non-moving items
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13. Reasons to select Goospares
• Domain knowledge expertise
• Portal which is easy to use and access
• Secured payment (Letter of Credit or Escrow as the mode of payment)
• Suppliers' get access to global market
• Quality products at competitive price for the buyers
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14. Goospares process to Liquate the slow and non-moving items
Non-moving materials list Analysis Market Demand Uploading list to portal
Product PromotionIdentification of buyerLogistics and SupportPayment
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15. Operating concept
• Technology is geography specific. When a certain technology is outdated in one
part of the world, the same need not be outdated everywhere
• Thus, what is non-moving in one place would still be moving in another place
• Similarly, Demand is geography specific. As the market place widens, the avenue
for the slow moving goods to move enhances
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16. Contact us:
Goospares
CODA Technology Solutions Private Limited,
New # 37, Old No. 16, Brindavan Street Extension, West Mambalam,
Chennai –600 033, Tamil Nadu, India
Tel : +91-44-45552411, Fax : +91-44-45552411
Email : info@codasol.com, Web : www.codasol.com
THANK YOU!
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