[INQ. NO. 2312M07] SurplusGLOBAL, Inc. operates a global parts platform, providing a marketplace to address issues in the semiconductor parts supply chain. The global parts platform is a type of e-Commerce business model that connects buyers and sellers of semiconductor components and parts from all over the world including chip makers, OEMs, refurbishers, and dealers. SurplusGLOBAL’s parts platform serves as a central hub for these transactions, allowing buyers and sellers to communicate and exchange parts easily.
Why does the semiconductor market need a Global Parts Platform?
The semiconductor industry involves many suppliers, manufactures, distributors, and refurbishers spread across the globe. The supply chain is often fragmented, with different players specializing in various components or stages of production. Therefore, a global parts platform provides a centralized marketplace where all these players can connect and conduct business efficiently.
The customer base in the semiconductor market is very diverse, ranging from large-scale manufacturers to small businesses, and even including scrap dealers. The global parts platform allows these customers to access a wide variety of semiconductor components and related products from different suppliers, thereby giving them more options and flexibility in sourcing their required parts.
Wide range of components
Semiconductors encompass a vast range of products, including microprocessors, memory chips, sensors, and more. These components come in different specifications, technologies and applications. The global parts platform offers a comprehensive selection of semiconductor parts, making it easier for buyers to find the exact components they need without having to search multiple sources.
The semiconductor industry operates on a global scale, with suppliers and buyers located in various countries. The global parts platform enables businesses to reach a wider market, expanding their customer base beyond their local regions. It facilitates international trade, allowing suppliers to sell their products to customers worldwide, and buyers to access a broader range of suppliers.
As the semiconductor industry requires timely access to reliable and high-quality components, the global parts platform provides streamlined procurement processes, reducing the time and effort required to source parts. Buyers can compare prices, check availability, conditions and place orders conveniently through a parts platform, enhancing efficiency and reducing procurement complexities.
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