News and Our Blog
Many buyers tend to focus on specific types of assets. All buyers are not the same, and all buyers are not looking for the same items. It is important to understand the various categories of surplus equipment you are disposing of and how to reach those specific markets. Take the time to understand the categories that your surplus assets fall into and target buyers accordingly.
Once you've compiled a list of assets that are already idle, start reviewing plans that reflect upcoming changes in production. This will allow you to understand what will become excess to your needs in the near term and stay ahead of the curve. The best surplus asset programs get the equipment sold and removed as it's coming out of production. It's good to sell what's already idle, but the most efficient programs look into the future.
As assets go out of production, companies typically want to get them out of their facility in a hurry. This leads to hasty decisions and sometimes taking less for an item than it's true market value by selling their items outrght. However, when using a competitive bidding process, you're not placing a ceiling on the price you could achieve, while also disposing of the equipment in a timely fashion.
We are proud to announce an important change at Britton Management Group. We have changed our name from Britton Management Group to CompetiBid (kom-pet-ah-bid). The name change is a result of a rebranding effort designed to mirror the growth and transformation of our organization. The CompetiBid name reflects our love of competitive bidding and the unique benefits that a competitive bidding event can provide. Our logo contains a hand - this hand reflects a person raising their hand to bid.