The goal is to use the Web to replace an often-byzantine network of industrial liquidators, brokers, and business auction companies that traditionally rely on phone, fax, and ads in trade journals.
Excess inventory ties up capital, physical space, and management time.
The average sale on TradeOut. We found the site to be very helpful. Custom features include a module added last week that lets buyers post items they're looking for, and a logistics module that lets buyers book shipment of their lots from freight carriers. This is castaway stuff that no one else on the Web is dealing with.