Insights from the BidChips team
Practical guidance on moving excess inventory, sourcing hard-to-find parts, and getting the most out of component auctions.
A Buyer's Checklist for BidChips Auctions
Set a per-piece target from your standard cost, read the lot and the lab report, and budget duties and the 24-hour PO window before you bid.
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How Bidding Works on BidChips
Per-piece pricing, proxy max bids that pay one increment over the runner-up, Buy-It-Now, reserves, and what happens in the 24 hours after you win a lot.
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How to Sell Excess Inventory on BidChips
The seller flow on BidChips: what to submit, the recovery estimate, third-party authentication, demand creation, the auction, and how settlement is paid.
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Open Auctions vs Broker Quotes for Parts
Why excess parts are priced the way they are, why counterfeit risk hides in a cheap quote, and what changes when the market bids in the open.
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What Your Excess Inventory Is Really Worth
Fair market value, the Recovery Range, and why packaging is the biggest lever you control — how BidChips sets a reserve, a Buy-It-Now, and your settlement.
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How OEMs Cut Component Costs on BidChips
Where a broker quote's cost goes, and an OEM's three levers on BidChips: single-increment bidding, a free BOM savings analysis, and a lab report.
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