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Development of an Online Auction Platform for Discontinued Goods Liquidation

innokrea.com

eCommerce

Retail

Manufacturing

Challenges in Managing Discontinued Inventory

End-of-series and discontinued products occupy warehouse space, incur storage/disposal costs, and lack effective sales channels despite being fully operational and valuable.

About the Client

Wholesaler and showroom of bathroom equipment, heating, and sanitary technology with 14 sales outlets and 140+ employees

Project Objectives for Inventory Liquidation Platform

Reduce storage and disposal costs through efficient inventory liquidation
Create a dedicated sales channel for discounted products
Enable seamless listing and auction management for business customers
Generate additional annual revenue from previously unsellable inventory

Core System Functionalities

Auction creation and management dashboard
Searchable product catalog with filtering options
Real-time bidding and notification system
Secure payment gateway integration
Inventory tracking and reporting analytics

Technology Stack Requirements

Django

React

Python

TypeScript

React Native

System Integration Needs

Existing warehouse inventory management system
Payment processing platforms
User authentication service

Non-Functional Requirements

Scalability to handle 1,000+ concurrent auctions
High availability (99.9% uptime)
Data encryption for transaction security
Responsive design for desktop and mobile access

Expected Business Impact of Inventory Liquidation Platform

Projected 2% annual revenue increase from liquidated inventory, 30-40% reduction in storage/disposal costs, and enhanced customer satisfaction through access to discounted full-value products.