The service has been designed to assist carriers and OEMs in the management and disposal of excess and obsolete equipment, thereby reducing storage and handling costs. The service will see Greenwoods Communications take management of customers' surplus stock, which will then be either re-sold or recycled, with any revenue generated being shared with the customer under a gain share agreement. During the telecoms boom, inflated expectations of market growth led to the stock piling of materials that would have been needed for the anticipated network roll out plans. However, following the slump, many carriers and OEMs found themselves with large stores of products that they would never use. This stock ties up capital both in un-realised value and storage, but with telecoms companies having to concentrate on core services, they lack the resources to deal with it. By outsourcing the management of this stock to Greenwoods, companies can enjoy cost savings and revenue returns on their superfluous assets in an environmentally conscious way. Click here for a list of surplus stock. Carriers and OEMs have built up huge stockpiles of materials that are now surplus to requirements This takes up expensive storage space and has a potential re-sale value Firms can have several million pounds worth of value tied up in redundant stock Greenwoods can convert this obsolete inventory into revenue Recent cost cutting operations mean telcos do not have the manpower or the focus to do this - that's where Greenwoods comes in