HomeStockMeet Regency Applied sciences: B-Inventory Provide Sellers, testers, and recyclers

Meet Regency Applied sciences: B-Inventory Provide Sellers, testers, and recyclers

Regency Applied sciences has eight places throughout the US, and so they’ve been recycling, testing, repairing, and promoting electronics since 1998. That’s a mixed 24 years! From the east coast to the west coast, spanning all the way in which from Olympia, Washington to Atlanta, Georgia, they’ve made a reputation for themselves on the earth of ITAD and electronics recycling processors.

Regency is an R2-certified firm that works with retailers, healthcare and monetary organizations, in addition to authorities businesses and academic establishments, to audit and check retired electronics and correctly recycle IT tools. What’s extra, overstock digital items and practical gadgets get listed on our very personal B-Inventory Provide, a multi-seller market the place permitted consumers should buy returned, extra, and refurbished stock from a whole bunch of various sellers multi functional place.

We sat down to speak with Regency to listen to their journey promoting on Provide and past. On this version of B-Inventory’s Neighborhood Highlight: Meet Eric and Jim Levine of Regency Applied sciences!

The Beginnings of Regency Applied sciences

The corporate was began over 20 years in the past now in 1998. Eric’s father, Jim Levine, heads the corporate, and almost 1,000 workers unfold throughout their eight amenities. What began as a small store refurbishing and remarketing IT tools, later pivoted to incorporate the resale and recycling of electronics and home equipment. You possibly can say Regency was part of the round financial system earlier than that was even a phrase!

What Regency focuses on

The first a part of their enterprise serves as an ITAD and electronics recycling processor. Previous and returned electronics merchandise that want recycling, or tools testing and auditing course of to repair and refurbish tools. Regency recycles greater than 150 million lbs. of end-of-use electronics yearly!

On B-Inventory Provide, you’ll find Regency itemizing client electronics like video and audio tools, tech equipment, and home equipment. Which get put up for public sale and might be bid on by registered consumers on the platform.

R2 licensed recyclers

When you’re a recycling processor, you could abide by high quality, well being, and environmental requirements. Regency has been R2 licensed for 13 years. This was what Eric needed to say:

“Anyone who’s doing resale within the electronics world, it’s undoubtedly good to be doing it. And never only for the enterprise, however I imagine in these certifications for environmental functions and correct follow for a enterprise in order that individuals are following the fitting tips to be environmentally accountable. That’s what all that stuff is in place for.”

Regency Technology on Discovery Channel’s Tomorrow's World Today

Footage from Regency’s characteristic on Discovery Channel’s Tomorrow’s World At the moment

Retaining issues in use

On the opposite finish of their enterprise, there’s additionally the chance to maintain issues in use. Which is the type of stock that Regency lists on B-Inventory Provide. In Eric’s phrases, “It makes extra sense to have the ability to repair and check issues and promote them again to individuals at a reduction who’ve an curiosity in utilizing that stuff.” On a case-by-case foundation, in fact.

An instance Eric gave was on scratch and dent home equipment, that are nonetheless totally practical:

“Does it is sensible to interrupt down a fridge and get it again right down to uncooked supplies like metallic, plastics, and glass or does it make extra sense to try to get it to somebody who has a practical use for that fridge to maintain issues chilly?”

He gave one other instance with client electronics:

“Say we get a bunch of outdated cellphone circumstances, these aren’t essentially tablets or telephones, however we’re not simply throwing them into the recycling machine both. We’ll kind them out and put them again into the market as a result of there are nonetheless individuals that may use these cellphone circumstances.”

Q: What motivated you to get into the enterprise?

For me, having grown up round this, there have been a variety of years I used to be not concerned with it. I went to varsity and studied enterprise and music, after which pursued arts out in the true world—which have been all improbable experiences. I simply hit a degree the place I used to be prepared for a extra conventional kind of profession.

It’s a superb enterprise and environmentally targeted, and I’m undoubtedly an environmentalist. What this firm does may be very a lot according to my core values as an individual; to have the ability to put these issues collectively is a blessing, and to do it with household and others that I’ve labored with for years, may be very cool.

Q: How has B-Inventory Provide helped you/ your small business?

The most important approach B-Inventory has helped us is: it’s a superb on-line presence and it’s an effective way to attach with different companies you wouldn’t have in any other case been capable of join with with out a platform like this. There have been new firms we’ve been launched to by way of B-Inventory. A few of them come and go, and these could also be one-time transactions, and a few companies turn into returning, common prospects.

The most important factor that I’ve observed is that the purchasers which might be returning and care about it…there’s sufficient tools the place different firms are capable of maintain their very own companies and observe their desires because of what we’re doing. We obtained a letter from one of many sellers thanking us for what they have been capable of buy and the way they have been capable of begin this small enterprise. It was very heartwarming to see that occur.

Classes realized alongside the way in which

Being part of the larger image

Doing enterprise on the wholesale degree is completely different than simply promoting one merchandise to finish shoppers the place you’re making an attempt to make as a lot revenue as you possibly can. You’re engaged on a business-to-business platform, which implies particular person consumers are utilizing this stock to gas their very own companies!

“You’re working with different individuals which might be pursuing their pursuits and their desires and beginning their very own companies by way of that materials provide. It’s cool to be part of it, I do know we’re only a small a part of it, however on the identical time, everybody who will get concerned is certainly making an attempt to push that narrative ahead.

Eric illustrated this level even additional:

“Some people who find themselves prospects on the platform have been capable of maintain their enterprise and put meals on the desk for his or her households due to what you guys [B-Stock] are offering as a market.”

Persistence and perseverance

While you take care of massive volumes of supplies and so many transferring elements, it’s essential to place issues into perspective. Merely seeing your self within the footwear of everyone concerned can go a great distance.

“Generally sure issues that occur on a each day can appear very excessive. It’s important to zoom out and notice what you’re doing, who you’re working with, who these individuals are which might be both shopping for or promoting, and the place it suits into that spectrum of the meals chain. Possibly one factor that looks like an enormous deal in the present day, like an overcharge invoice on a freight cargo, isn’t an end-all-be-all. Generally it takes a deep breath and just a little endurance. Each single day you go in, there’s at all times going to be just a little left for tomorrow.”

Navigating COVID-related points

Latest provide chain points proceed to rock industries around the globe. Regency shared the identical expertise that many different companies did in the course of the peak durations of the pandemic. From freight logistics and transportation to managing labor shortages and different disruptions.

“Weathering that storm whereas sustaining optimistic enterprise all through that point interval has undoubtedly been a problem however it has not been insurmountable. It takes a whole lot of character and perseverance and lots of people working collectively to make it occur. It might not have at all times been easy however we’ve gotten the job completed.”

Discover Regency Applied sciences on B-Inventory Provide!

On B-Inventory Provide, you’ll find Regency itemizing massive volumes of examined electronics tools, overstock items, and home equipment! For extra data on their providers or firm, go to their web site right here or give them a observe on Fb.



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