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PST Group has launched a company to help vendors offload excess stock online.

The inventory management outfit, called JustXS, will let registered buyers worldwide log on to its secure site to snap up kit nearing the end of its shelf-life.

The idea is that products will be cheap and pre-selected punters will be able to nab small quantities of kit at an agreed price, without disrupting the local reseller channel.

If products aren't sold after an agreed time, PST will buy them itself and shift them through its usual channels.

John Broderick, the brains behind the online service, has been appointed JustXS CEO.

"Vendors have a challenge with inventory management. Right now stocks are building up in Europe and Intel's recent Q3 profits warning was a clear indication that sales are slow globally," he said.

PST did not specify which manufacturers were offering products via the site.

"The leading vendors are the companies with the biggest inventory challenges. This is a fast moving market and the situation can change within a matter of days. Even the most switched on vendors can easily find themselves with products that are becoming out of date," said Broderick. ®

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