Smith launches new online marketplace

Smith launches new online marketplace

Smith has unveiled its new online marketplace, SmithTrade. This versatile and adaptable part-exchange platform offers an exclusive, value-added service for Smith’s approved customers.

SmithTrade efficiently connects surplus inventory from approved sellers with verified buyers globally, granting users access to thousands of competitively priced excess components. Every transaction on SmithTrade undergoes thorough evaluation by Smith’s commodity experts, and all products are subjected to the company’s rigorous inspection and testing to ensure order accuracy.

“Surplus inventory has been an ongoing struggle for companies across every industry, and Smith has spent the past 40 years helping our customers find easy and effective strategies to manage their excess,” said Marc Barnhill, Chief Executive Officer at Smith. “We are excited to add SmithTrade to our comprehensive suite of supply chain solutions, which will allow us to better serve our global partners.”

Key benefits of SmithTrade:

Secure deals: all transactions occur within the SmithTrade platform, secured by Smith’s terms and conditions.

Flexible selling: sellers can determine their own prices and choose when to sell. Excess lists and watchlists can be updated as needs evolve

Buy or bid: buyers can participate in SmithTrade’s auction-style platform to acquire premium parts at competitive prices or buy directly to secure essential parts instantly.

Watchlist: users can create watchlists to monitor upcoming demand, in-transit products, and at-risk aging inventory, simplifying the management of high-value inventory and critical components.

Global reach: SmithTrade’s secure platform provides access to Smith’s global supplier network, inventory levels, and customer base.

Quality assurance: all sellers must pass Smith’s rigorous screening process to ensure the authenticity and quality of products.

Smith-driven platform: SmithTrade offers a seamless experience with no hidden purchase costs, and sellers benefit from a straightforward revenue-share agreement.

Market intelligence: platform users can stay informed about the latest market trends to guide their decision-making.

Data verification: all data in the system is verified before finalising transactions, and dedicated account managers are assigned to support buyers and sellers at every step.