A leading financial services firm in Singapore faced a logistical challenge with surplus office furniture following the consolidation of their offices. The costs associated with maintaining these furniture assets were significant, and while our compliant and environmentally friendly disposal methods were an option, they would not have maximised financial returns. To address this, the firm engaged Crown Workspace Singapore to facilitate a structured staff sale via an online platform, ensuring efficient management of the furniture assets while maximising financial returns.
Objectives of the Staff Sale
Reduce Storage Costs: Liquidate surplus furniture to eliminate unnecessary storage expenses.
Employee Access: Provide employees with access to quality office furniture at discounted prices.
Offset Operational Costs: Generate revenue from the sale to cover operational expenses.
PROJECT IMPLEMENTATION: WORK SCOPES
Crown Workspace retrieved furniture from the client’s storage locations and transported it to Crown’s warehouse.
Each item was inspected for functionality, assigned a unique SKU number, and added to the inventory.
A dedicated web portal was developed to facilitate the online sale event. It featured secure login, search functionality, and a shopping cart system, and was integrated with inventory management for real-time updates on available items.
High-quality photos of each item were taken and uploaded to the web portal.
Items were listed on the portal with detailed descriptions, prices, and specific finishes.
The sale was open exclusively to the client’s employees, their families, and friends for two weeks. During this period, 300 orders were placed for nearly 600 pieces of furniture.
Orders were consolidated at the end of the sale period and processed through delivery planning software to optimise logistics and issue delivery notifications. Furniture was cleaned and delivered according to the delivery plan.
A delivery fee was charged separately to employees based on the order value, ensuring transparency and cost-effectiveness.
Upon completion of deliveries, Crown Workspace provided the client with a report detailing the environmental and financial savings achieved through the initiative.
Results
Significant reduction in storage expenses for the client.
Proceeds from the sale effectively covered operational costs.
Staff acquired high-quality furniture at affordable prices.
Waste reduction through asset reuse, aligning with the client’s
sustainability goals.
Summary
By opting for a staff sale facilitated by Crown Workspace Singapore, the client successfully transformed a financial and logistical burden into an opportunity. The initiative not only strengthened employee engagement but also demonstrated that asset liquidation can be both financially sound and environmentally responsible. As a result of this successful program, the client intends to facilitate similar staff sales in the region, further leveraging the benefits of this approach.