About XSparts

When MOQs do not fit with the quantities you need for a job.
When parts are left after a job has been completed.
When last-minute changes make a part not needed anymore.
When projects are modified or cancelled.

Parts are sitting idle in your stock and risk expiration or obsolescence.

• Other colleagues might be looking for parts that are dormant in your stock.
• Other colleagues might be looking for short lead times which cannot be obtained from the component supply market, which could be served immediately out of your stock.
• ...

→ make your stock (you choose which parts and which Qty) available to others and in other words capitalise on it without giving it away for small money to some broker.

What could be a possible solution?

• Create a community of companies offering stock of parts to anyone in the community.
  • This means that the total available stock becomes the sum of all stocks of all community members. The scale of the community reduces the complexity of every search for a part.
  • This means that every community member can offer stock and can search for parts. Contribute and thus gain on two levels:
    • Capitalise on dormant or excess stock
    • Find solutions for hard-to-solve problems for own needs
• The community bases its working model on a cost-sharing model to keep the system alive.
• All transactions of parts are done between community members. No commission or margin to third parties. Avoid brokerage altogether.

Which practical operating model could work?

• A web-based platform (xsparts.eu) that is similar to a parts distributor.
• Enable registered community members to upload a parts inventory of their choice by means of a spreadsheet containing only basic information: MPN, Parts available, Let go price, MOQ.
  • Each member should regularly upload a refreshed inventory.
  • The last stock update date will be shown in the system so the validity of all stock will be transparent to all members.
• The platform creates a master inventory of all uploaded stock data. This master inventory can be kept anonymous, meaning the member owning the stock is not visible and becomes only known at the moment a request for parts is made and answered by the member holding the part.
• All members have access to the master inventory:
  • To search for any part based upon MPN
  • To generate an inquiry for one or more desired part(s) which is then sent out to one or more member(s) holding these parts in their inventory.
• A member receiving a request is obliged to answer within a reasonable time with “sorry no” or preferably with “yes I can supply” and contact the requesting member to arrange the transaction further.

WIN-WIN in any case without downside!

• Parts inventories gain a better rotation which means capital and inventory space is freed.
• Members supporting the community can possibly find it difficult to obtain parts, without paying exorbitant amounts of money to opportunistic brokers whereas this community solution is fast, easy, reliable and at a fair cost.