A surplus describes the amount of an asset or resource that exceeds the portion that's actively utilized. A surplus can refer to a host of different items, including income, profits, capital, and goods. In the context of inventories, a surplus describes products that remain sitting on store shelves, unpurchased. In budgetary contexts, a surplus occurs when income earned exceeds expenses paid. A surplus isn't necessarily desirable. For example, a manufacturer who over-projects future demand for a given product may create too many unsold units, which may consequently contribute to quarterly or annual financial losses.

A surplus of perishable commodities like grains could cause a permanent loss, as inventory spoils and the items become unsellable. A consumer surplus occurs when the price for a product or service is lower than the highest price a consumer would willingly pay. Think of an auction, where a buyer holds in his mind a price limit he will not exceed, for a certain painting he fancies.

A consumer surplus occurs if this buyer ultimately purchases the artwork for less than his predetermined limit. In another example, let's assume the price per barrel of oil drops, causing gas prices to dip below the price a driver is accustomed to shelling out at the pump. In this case, the consumer profits, with a surplus. A producer surplus occurs when goods are sold at a higher price than the lowest price the producer was willing to sell for. In the same auction context, if an auction house sets the opening bid at the lowest price it would comfortably sell a painting, a producer surplus occurs if buyers create a bidding war, thus causing the item to sell for a higher price, far above the opening minimum.

A surplus occurs when there is some sort of disconnect between supply and demand for a product, or when some people are willing to pay more for a product than others. Hypothetically speaking, if there were a set price for a certain popular doll, that everyone was unanimously expected and willing to pay, neither a surplus nor a shortage would occur.

But this rarely happens in practice, because various people and businesses have different price thresholds--both when buying and selling. Sellers are constantly competing with other vendors to move as much product as possible, at the best value. If demand for the product spikes, the vendor offering the lowest price may run out of supply, which tends to result in general market price increases, causing a producer surplus. The opposite occurs if prices go down, and supply is high, but there is not enough demand, consequently resulting in a consumer surplus.

Surpluses often occur when the cost of a product is initially set too high, and nobody is willing to pay that price. In such instances, companies often sell the product at a lower cost than initially hoped, in order to move stock. This imbalance means that the product cannot efficiently flow through the market. Fortunately, the cycle of surplus and shortage has a way of balancing itself out.

This often results in higher price tags than consumers have been paying, thus benefiting the businesses. More often than not, government intervention is not necessary, as this imbalance tends to naturally correct.

When producers have a surplus of supply, they must sell the product at lower prices. Consequently, more consumers will purchase the product, now that it's cheaper. This results in supply shortages if producers cannot meet consumer demand. A shortage in supply causes prices to go back up, consequently causing consumers to turn away from the products because of high prices, and the cycle continues. During recessions, when consumer demand declines, budget deficits typically follow].

Your Money. Personal Finance. Your Practice. Popular Courses. What is a Surplus A surplus describes the amount of an asset or resource that exceeds the portion that's actively utilized.Welcome to the Surplus Center's Ebay Store. Surplus Center has been in business since We buy large quantities of manufacturer's surplus or excess stock.

Surplus inventory is usually due to manufacturers design changes, business closings or inventory adjustments. Often these are priced at only a fraction of normal cost. Skip to main content. Save this seller Sign up for Store newsletter. Member id burdensales Feedback Score Of Store home. Hide gallery view View time left. View as: Gallery. Hydraulink Category 2 Toplink Why don't we show the price?

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Sellers have the right to set their own prices independently, but some manufacturers place restrictions on how these prices will be displayed or communicated to others. Page 1 of 20 Previous 1 2 3 4 5 6 7 Next Go to page. PulldownMenu Open Start of layer. List Gallery. Surplus Center. Maintained by: Member id burdensales Feedback Score Of Store search. Enter your search keyword. Store categories. Hide gallery view.

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The Office of Surplus Property Management holds auctions each month that give the public the opportunity to purchase high-quality goods at significantly reduced prices. View the Public Auction Calendar for more information on upcoming auctions.

The program uses two primary auction methods to sell state-owned surplus property: public on-site auctions and online auctions.

OSPM uses various auction services to perform these sales.

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Most public on-site auctions are held at 9 a. The public may view vehicles slated for sale on the days and times specified prior to the auction. A complete list of the items along with terms and conditions of the sale will be available at the particular auction site where the on-site auction will be held.

Auctioned items are sold "as is, where is. Auctions are scheduled several times throughout the year. Other surplus property available online for the public is listed at GovPlanet. You can search by location or county, and it includes items available for the public in the Wytheville and Richmond locations.

The Department of General Services and its divisions are not liable to any person or business entity for any direct, indirect, special, incidental, consequential or other damages or losses based on or caused by any use of this website or other websites to which this site is linked, the content of such websites or any viruses or other harmful components derived from any websites including without limitation any lost profits, revenue, or use, business interruption or loss of computer programs or information, even if the Department of General Services or any of its divisions have been specifically advised of the possibility of such damages or losses.

Links to other websites have been provided for your convenience only. OSPM does not endorse, sponsor, or approve any of the content of such websites and has no control over these sites or the content or accuracy of these sites that you may access through our website.

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About Surplus. About Surplus Success Stories. Government Entities. OSPM Jobs. Working at Surplus. OSPM Auctions The program uses two primary auction methods to sell state-owned surplus property: public on-site auctions and online auctions.

Surplus Center

Disclaimer The Department of General Services and its divisions are not liable to any person or business entity for any direct, indirect, special, incidental, consequential or other damages or losses based on or caused by any use of this website or other websites to which this site is linked, the content of such websites or any viruses or other harmful components derived from any websites including without limitation any lost profits, revenue, or use, business interruption or loss of computer programs or information, even if the Department of General Services or any of its divisions have been specifically advised of the possibility of such damages or losses.JavaScript seems to be disabled in your browser.

For the best experience on our site, be sure to turn on Javascript in your browser. Surplus Industrial Supply has been serving customers for over 25 years. Our goal is to provide customers with quality used equipment, dependable service, and competitive prices. Over the years, we have proven to be a valuable resource to businesses, both large and small, to help liquidate surplus inventories of equipment for cash, as well as to offer a cost-effective source for purchasing electrical, industrial, and material handling supplies and equipment.

Surplus Industrial Supply is a worldwide supplier of quality used electrical and industrial equipment at reasonable prices for over 25 years! Selling of new and used electrical and mechanical parts, industrial motors, starters, transformers, material handling equipment, forklifts and much more. Surplus Industrial Supply is an immediate buyer of good-quality surplus, idle, or obsolete equipment.

Open To The Public - 40, sq. Cancel Continue Shopping. Add To Cart Please wait View Cart and Checkout. Real email address is required to social networks. Please enter your email address below to create account. Sign In. Registered Customers. Create New Account? Forgot Password. Please enter your email address below to receive a password reset link. Submit Go back. Payment Services. Know more. Worldwide Supplier Surplus Industrial Supply is a worldwide supplier of quality used electrical and industrial equipment at reasonable prices for over 25 years!

Cash For Your Surplus Surplus Industrial Supply is an immediate buyer of good-quality surplus, idle, or obsolete equipment. We carry many major brands in the industry. Subscribe to Newsletter. All Rights Reserved.Welcome to the Surplus Center's Ebay Store. Surplus Center has been in business since We buy large quantities of manufacturer's surplus or excess stock. Surplus inventory is usually due to manufacturers design changes, business closings or inventory adjustments.

Often these are priced at only a fraction of normal cost. Skip to main content. Save this seller Sign up for Store newsletter. Member id burdensales Feedback Score Of Hide gallery view View time left. View as: Gallery. Hydraulink Category 2 Toplink Why don't we show the price? Sellers have the right to set their own prices independently, but some manufacturers place restrictions on how these prices will be displayed or communicated to others.

Page 1 of 50 Previous 1 2 3 4 5 6 7 Next Go to page. PulldownMenu Open Start of layer. List Gallery.

surplus center

Surplus Center. Maintained by: Member id burdensales Feedback Score Of Store search. Enter your search keyword. Store categories. Hide gallery view. View time left. Go to page. Seller, manage Store. Tools: My eBay. Learn more about feeds. PulldownMenu End of layer.View All Reviews Write a Review. Unable to display Facebook posts.

Show error. Google Business Reviews Wow! I never thought updating doors in our whole house would be such a difficult process, but after countless negative experiences elsewhere, we were so happy to find this place with the friendliness, knowledge and expertise of each person we worked with.

We will definitely be back for our future renovation needs! Hoola for Happiness. They were so wonderful!

surplus center

I got the same quality of cabinets for half the price of the other place. Jessie was especially helpful! Elisabeth Vallin. I want to really thank Chris for his awesome help in purchasing of a slab of marble. He went above and beyond in his customer service to myself and my wife. He was the BEST!!! Thank you Chris!!! Builders Surplus is fortunate to have you. Bruce Witt. As a repeat customer which purchase several items, 9 windows, two doors, and 3 surplus picture windows. Monica has alway assisted me, with her great patient, and superb customer service skills, even when I was not to sure in my decisions.

When ever I return, I will always look for Monica, because I believe she is an asset to her company. Thanks Monica, God bless, read more. Benet St. Chris Phillips helped us pick a bathroom cabinet and vanity top.

He made sure we where getting exactly what WE wanted and and never rushed us. If you want exceptional service ask for Chrisyou will not be sorry! Frank Rindsberg. I got a solid wood door for my home office. Howard help me find a better product for less cost. I appreciate Howard's help and willingness to serve me.

I will definitely be back for other building materials. Corey Hellman. James Brown was amazing!!

surplus center

He was kind and helpful!Bought some items from SC and for the most part they were excellent. Had an issue with a solar panel that was more of a project than a working part and Dave in Tech support was excellent to deal Sold defective product and then refused to stand behind it.

I guess their advertised warranty is just for show. Stay Away! Great customer service!! I purchased a treadmill motor for a lathe project from Surplus Center. When it arrived there was damage to the motor. I contacted customer service by email with photos of Yahoo Local. Sign in. Mail Go to Mail. Help Account Info Help Suggestions.

Yahoo Home. Is this your business? Verify your listing. Joe A. John S. Steve M. Write a review Read all 3 reviews. About: Surplus Center has been buying and selling high quality industrial surplus since We are also a stocking distributor for many major brands including Prince Hydraulics, Eaton, Leeson, Buyers Products, Bestorq and many more.

We are your best source for hydraulic components, belts, pulleys, gearboxes, motors, pumps, bearings, wheels, actuators and much more. Shop our website, phone or fax your order in or visit our showroom in Lincoln, NE.


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