Amplio is a sourcing platform that helps businesses identify and vet new suppliers to reduce procurement costs. The platform provides tools to compare supplier pricing, assess risk, and manage relationships, enabling more cost-effective sourcing decisions.
Funding
$6M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Many businesses struggle with the complexities of managing and selling surplus or obsolete inventory, leading to lost capital, increased storage costs, and potential compliance issues. Traditional methods of asset recovery are often inefficient, lack transparency, and fail to maximize returns on excess assets.
Solution
Amplio provides a data-driven platform that streamlines the process of identifying, valuing, and selling surplus industrial assets. By leveraging AI-powered appraisals and a vetted network of buyers, Amplio ensures businesses receive optimal offers for their excess inventory, including industrial & MRO, IT & networking, and electronic components. The platform offers a turnkey solution encompassing valuation, sales execution, logistics, and compliance, enabling enterprises to reduce carrying costs, free up warehouse space, and improve cash flow. Amplio's approach facilitates efficient disposition, reduces waste, and promotes circularity by connecting sellers with the right buyers for resale, recycling, or repurposing of materials.
Target Audience
Amplio primarily serves enterprise manufacturers, distributors, and other businesses with significant surplus inventory looking to optimize asset recovery and improve operational efficiency. The platform is also valuable for buyers seeking access to quality surplus assets at competitive prices.
Features
- AI-driven valuations using real-time secondary market data for precise appraisals of surplus inventory.
- Access to a vetted network of buyers specializing in various asset categories, including industrial equipment, IT hardware, and electronic components.
- End-to-end logistics management, ensuring seamless and compliant handling of inventory disposition.
- Comprehensive compliance support, including documentation and adherence to regulatory requirements for various materials.
- Circularity solutions that prioritize resale and repurposing to minimize waste and promote sustainable practices.
- Streamlined sales process, from initial valuation to final transaction, managed by Amplio's team.
- Integration with existing ERP and inventory management systems for efficient data transfer and reporting.
- Customizable disposition strategies tailored to the specific needs and goals of each enterprise client.