The client, a major high street retailer with over 2,500 stores throughout the UK, needed a partner to help support and improve their corporate social responsibility strategy while recovering maximum value for its redundant and obsolete point of sale equipment and electronic waste.
A key challenge was finding a provider that could deliver a turnkey asset recovery program with truly end-to-end asset recovery solutions and enable the results to be reported to a professional standard to meet the client’s individual requirements and harmonise with their best practice scorecard model for CSR management.
From the initial consultation it was clear that TXO Systems flexible approach to constructing a customised end-to-end asset recovery framework backed by all the relevant certifications and a transparent audit trail was the perfect fit for the client’s needs.
To streamline development and co-ordination of their fully managed solution, the client was matched with a dedicated TXO account manager who acted as a single point of contact throughout the lifetime of the project and was always on hand to answer questions. Through close consultation TXO Systems has helped the customer to identify new asset recovery opportunities, divert material from landfill and achieve their environmental CSR targets. The turnkey solution created included de-installation, collection, secure storage, resale and recycling solutions, providing the client with the opportunity to recover maximum asset value from a single invoice.
The client was given complete visibility of the whole process and a documented audit trail through the i-TRAC™ portal, a secure online platform that gives clients complete control and visibility over their inventory. The easy-to-use interface provides detailed financial summaries and graphical management reports, allowing managers and planners to instantly locate parts, evaluate their inventory and track & measure asset resale campaigns. The software also supports the clients’ CSR agendas by tracking every part to the end of its service life.
The whole process was streamlined, saving on internal resources and enabling the customer to obtain the highest possible yields and significant returns. OPEX costs have been reduced by eliminating warehousing costs of obsolete inventory and obsolescence costs have been minimised by converting legacy assets into re-usable inventory, raw material or cash.
For more information about TXO Systems end-to-end asset recovery solutions, please contact us.