How Does It Work?

  • stock_img
    number_1

    Honeywell Aerospace Trading (consignee) enters into agreement with consignor (e.g. airline) to sell excess/surplus stock

    • Physical inventory AND inventory book value stays with the consignor (e.g. airline)
    • HAT will be responsible for selling the inventory (customer questions/quotes, advertising, etc.)
    • There will be a fee for each successful sale
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    HAT launches “HAT Consignment” storefront on GoDirect Trade to list the consignor’s inventory

    • Inventory is listed for sale under HAT Consignment storefront (no mention of airline name)
    • GoDirect Trade will provide free White Glove service to organize airline consignment listings, use stock photos, and obtain minimum quality documentation
    • HAT will price listings
    • All orders placed against consigned stock will be routed to the airline for fulfillment (can be data packet or full integration into the airline’s ERP using APIs) via Virtual Consignment Plan
  • tracking
    number_3

    Sales / Revenue Tracking

    • All audit / reporting is segregated under HAT Consignment storefront
    • All consignment inventory / values are tracked in Quantum instead of SAP
    • HAT will reconcile fees / revenue with airlines on quarterly basis

Which Program is Best for Your Company?

This program was designed to help convert your surplus inventory into cash while freeing up your storage space. Our two offerings are Virtual Consignment Services and Full Service Consignment.

Virtual Consignment

How does it work?

Honeywell Aerospace Trading simply sells your inventory through GoDirect Trade. Once you provide the list of parts to sell, GoDirect Trade will list the product and HAT will field all inquiries and manage the entire sales process. Inventory is physically kept at your site.

Cost?

This requires $0 in upfront costs for your customers. All of this is done for a small % transaction fee on anything HAT sells. You pay nothing unless something sells.

Full Service Consignment

How does it work?

Honeywell Aerospace Trading physically receives your inventory, scans quality documents, photographs inventory, and sells your inventory through GoDirect Trade. HAT will field all inquiries and manage the entire sales process. You simply get a check on a regular basis.

Cost?

This requires $0 in upfront costs for your customers. All of this is done for a small % transaction fee on anything HAT sells. You pay nothing unless something sells.

Virtual Consignment Full Service Consignment
You retain ownership of material checkmark_icon checkmark_icon
All inventory shipped to Honeywell & managed by Honeywell checkmark_icon
Honeywell scans, photographs inventory, prepping for GoDirect Trade listing checkmark_icon
Start today with your data checkmark_icon
Hands off / limited involvement, just receive checks checkmark_icon
Have Honeywell parts needing repair and looking for a content expert? checkmark_icon checkmark_icon
You pay nothing unless something sells checkmark_icon checkmark_icon

Start Selling Today!

Start making money while freeing up your storage space.

For more information, please contact Paul.Mendoza@honeywell.com

Get Started