As part of the ever expanding role of Hyper Microsystems in the field of Reverse Logistics, we took on a new project in August of 2010. Hyper Microsystems became the new Authorized Repair Center for Canadian-based manufacturer, Curtis International Ltd. Curtis International Ltd. manufactures and distributes quality, value priced consumer electronic products. The company has been in the distribution business for over 25 years. Curtis is headquartered in Toronto, Canada, with distribution facilities across North America and Europe.
In addition to providing repair service and distribution of refurbished Curtis products, we also provide warranty support and repair service to end-users who purchase products from neighborhood retailers and distributors. Our new inventory consists of all Curtis product lines including, but not limited to:
- LCD and LED TVs
- DVD Systems & Portable and Home stereos
- Telephones
- MP3 Players
This has also added several new product lines such as compact fridges, microwaves and water coolers in the small appliance category. The company's products are sold under the Curtis, RCA, Sylvania, and Igloo brand names, as well as under private labels. Hyper Microsystems processes over 18,000 products in different categories every month.
The new line of Hyper Micro business redefined existing company standards. We are able to process inventory quickly by following our production policies and set procedures for each product category. Our multilevel quality control process ensures products are refurbished based on Curtis International standards and recommended practices, troubleshooting guidelines, product schematics and diagrams.
Circuit City Liquidation Case Study
Company profile
Hyper Microsystems, established in 1996, is the leading stocking distributor of new, refurbished, OEM and used IT equipment and computer components. Hyper Microsystems is an expert in reverse logistics and liquidation business. We implemented multiple level process controls to better manage repackaging, refurbishment and overall recovery of consumer electronics and computer hardware and systems. Through strategic partnerships with Intel, Dell, IBM, Gateway, Seagate and other major manufacturers we are able to constantly provide competitive prices and exceptional service to all our clients worldwide.
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Situation
In November of 2008, Circuit City filed for bankruptcy protection and was looking for other options, including a possible sale. By January of 2009, Circuit City started searching for a company to efficiently manage the final liquidation of its inventory. The company was paying $50,000 a day in rent and needed somebody to be able to move the inventory very quickly. The challenge was to find a company who could provide one comprehensive solution for numerous inventory categories.
Hyper Microsystems was able to successfully coordinate the logistics of consolidating the entire remaining inventory of 440,000 items or 350 truckloads at the 7 Circuit City regional distribution centers into our warehouses in Chicago in 10 business days. Hyper Microsystems operates smoothly in fluid, fast-moving purchasing processes. On the Circuit City transaction, not only did Hyper Microsystems fund both the deposit and the balance of the Purchase Price promptly, it also vacated the premises of the 7 distribution centers significantly ahead of schedule which resulted in additional savings for the estate.
Circuit City Project exemplifies how Hyper Microsystems Inc handles projects of any size. Purchasing all customer returns valued at roughly $100M retail from Circuit City distribution centers, Hyper Microsystems Inc team ensured ahead of time that necessary processes, trained personnel and warehouse space were immediately available.
Benefits
Handling many new categories of products from Circuit City has led Hyper Microsystems to expand the business of refurbishing consumer electronics and processing them for sale. To maximize recovery value, returned assets are sorted, inspected and tested to determine the depth of refurbishing requirements according to manufacturer specifications. Hyper Microsystems has the capability of processing, repairing and remarketing of consumer electronic products on a large scale, offering companies the highest return for their inventory.
