New spare parts platform

Published:  29 April, 2021

MACHINE COMPARE, a leading B2B marketplace for industrial equipment, can now add e-commerce to its mix, following the successful soft launch of its spare parts platform, Marketplace.

DS Smith, Stora Enso, Nestle, JBS, Ülker and UCIC are among the growing list of industrial manufactures showcasing unused, obsolete and surplus stock via the e-commerce platform. This model is a unique proposition for the manufacturing industry, set to disrupt the spare parts space for good.

To date, Machine Compare has identified £5B worth of unused, surplus and obsolete spare parts across manufacturing plantations worldwide – a figure estimated to be far greater. However, discussions on this topic remain sparse within manufacturing.

Over 15 multi-national manufacturers have partnered with the Marketplace to sell surplus inventory, taking the number of individual brands, including spare manufacturers and sector specific OEMs shoppable on the website, to over 260.

Offering over £7 million worth of product lines across electrical and mechanical spare part categories like semiconductors, capacitors, circuit protection, bearings, bolts and gears, Marketplace provides a dedicated channel that enables brand equity to be maintained when clearing stock, whilst also identifying new revenue streams by turning surplus spare parts into capital.

By owning product selection, pricing, images and copy, manufacturers can digitally connect supply chain and inventory systems to trade more efficiently, without the need to physically move stock to a third-party seller or distribution centres. Products are displayed in a clean and dynamic environment, with further details made available by tapping into an internal database of over 50 million existing spare parts. This further populates inventory with datasheets and product specifications through the MPN number and manufacturer.

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