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December 10, 2014
by Sarah Kilburne
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Predictive Maintenance for Form/Fill/Seal Machines

Foodprocessing_photoFood Processing: Predictive maintenance is the key to making sure your food packaging lines stay up and running during critical production times. Sensory inspections, while beneficial, do not identify internal equipment defects early enough to prevent breakdowns. 

Costly downtimes can be avoided by monitoring the condition and performance of the equipment during operation to detect and eliminate defects before unplanned downtimes occur 

Condition based monitoring technologies, such as vibration analysis, infrared thermography, and motor circuit analysis, detect defects and accurately assess the condition of parts. These tools provide the analysis needed to know which parts to replace and when to replace them. Planning ahead saves time, saves money, and minimizes downtime. 

Continue reading full article here.


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December 9, 2014
by Sarah Kilburne
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Spend Your Year-End Budget on Used Equipment For The New Year!

BENEFITS OF BUYING USED EQUIPMENT

 

Picture 126The market for pre-owned equipment has significantly increased over the past five years. In saying so, there are a number of benefits when it comes to purchasing pre-owned equipment and companies can save between 25% and 75% off of the original cost of a machine.
 

Buying used equipment can save a significant amount of time and also provides a great year-end purchasing solution that will help get your facility ready for next year. Successful organization make sourcing pre-owned equipment a formal process and easy for their people to use. Most importantly, these companies create clear policies that support pre-owned procurement.
 

The main benefit of purchasing used equipment at year-end is time. If you need to get an asset up and running right after the new year, used equipment definitely has the advantage over a new model because lead time to use is significantly longer on new equipment. Most second-hand equipment is available immediately. In essence, companies can get their projects up and running faster – increasing the speed to market, and/or reducing production downtime. So there is definitely no need to start the new year off slow and unprepared!
 

EquipNet is hosting two large year-end events. Each online auction has 300+ items for sale. Below are further details on each event:
 

December 11, 2014
Year End Event – Mechanical Spares and Maintenance, Repair and Operations Parts (MRO)

12.11.14_MRO2Online auction featuring equipment from Bayer, Merck and other leading global firms. Top items include pressure filters, pumps, heat exchangers, electrical wiring, centrifugal pumps, label printers and much more. Bids open at 9 AM ET on December 11 and lots begin closing at 4 PM ET. Learn more about this auction and register now, here.
 
 
 
 

December 16, 2014
Lab and Pharmaceutical Equipment – Year End Auction!

12.16.14_Lab4Online auction featuring a variety of lab and pharmaceutical equipment from leading global firms such as Sanofi, Bayer, Merck and others. Featured items include analyzers, chemical imaging systems, dissolution systems, mass specs, pumps, incubators, centrifuges, lab refrigerators and much more. All items located in Canton, MA will have NO handling fees for this year-end event! Bidding begins at 9 AM ET on December 16 and lots begin closing at 4 PM ET. Learn more about this auction and register now, here.

 

View all upcoming auctions at www.equipnet.com/auctions.


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December 3, 2014
by Sarah Kilburne
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How Can Asset Management Benefit Your Lab?

Lab Product News

LabNews10.14_3An innovative outsourcing model is being employed by laboratory managers as they look to gain visibility of surplus and idle assets – instrumentation and analytical equipment – under their control, and to manage the redeployment or disposal of redundant items.
 

Working with an outsourcing partner is not a new concept within the chemical, pharmaceutical, and biotech companies. By concentrating on the core areas of business and working with specialists for other, non-essential tasks, they are able to manage costs better, boost efficiency and increase ROI (return on investment).
 

Thanks to today’s focus on process simplification and maximizing efficiency, these methods have become vital for day-to-day operations in many sectors. Recently, laboratory leaders targeting the highest levels of excellence are turning to the proactive management of idle and surplus instruments and equipment. To put this into context, research suggests that on average, 5% of a company’s global asset base is lying idle. By recognizing the often dormant value in these assets, managers can make a significant impact on their bottom line.
 

Continue reading full article here.


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December 1, 2014
by Sarah Kilburne
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DID YOU HEAR THE ONE ABOUT THE TWO BUSINESSMEN ON A PLANE?

plane_businessmenIn the late 1990’s you could not travel without meeting someone who had just raised money to establish a startup company. The dot-com bubble was growing exponentially, month to month, unwittingly heading closer and closer to its demise. Many of the companies that were discovered in this timer period were constructed on shaky business models or had leaders who lacked operational experience. However, these businesses all managed to raise a LOT of money. Unfortunately, many of these “next best thing” companies spent their new found capital lavishly: expensive advertising, ergonomic cubicles in high-rent facilities, and other high-end amenities.
 

Stories of how these companies were founded are mostly tinged with romance too: broke college students inspired by a pattern in their bowl of Ramen Noodles, out-of-work software engineers tinkering in their garage or, as in the case of EquipNet, which is celebrating its 15th anniversary this year, two businessmen meeting on an airplane.
 

FLYING HIGH

In the early spring of 1999 a 737 took off from O’Hare in Chicago headed to Logan in Boston. One of the passengers on that plane was an industrial equipment dealer flying home after attending a pharmaceutical machinery auction. By chance, or fate, the equipment dealer was seated next to a business consultant who specialized in website start-ups.
 

Introductions were made and the topic of conversation turned to their professions. The consultant explained that he and his business partner were what he called, “venture catalysts.” They had access to angel investors, as well as, venture capitalists, and they provided business plans and start-up management to companies with great ideas. But the thing that intrigued the equipment dealer the most was the fact that the consultant’s latest venture was with a company that had created an online auction platform.
 

The dealer confessed that he had been thinking about the best way to sell industrial equipment over the web and he knew that if done correctly, it would revolutionize the way that companies buy, sell, and manage their surplus capital assets.
 

Contact information was exchanged and a meeting was set up, this time in the equipment dealer’s office. That meeting led to the development of a business plan, and on May 12, 1999 EquipNet was founded.
 

By July, supported by angel investors, the company hired its first two employees, a web developer and a marketing professional. This team of two developed an online equipment auction site in less than a month and on August 12, 1999 the site launched with inventory from the equipment dealer’s existing stock. At first, each online auction ran for two-weeks. Marketing included outbound calls, some rudimentary emails, and fax blasts. EquipNet’s first sales closed on September 12, 1999. In the next three months, four other employees were hired for sales and IT.
 

BOOM TO BUST

In the summer of 1999 there were four companies that were legitimately trying to sell industrial equipment online. In the summer of 2000 there were around 65 companies doing the same thing. By the summer of 2001, there were eight. The bubble had burst.
 

Within this time, however, EquipNet was still able to raise venture capital in two rounds of modest funding. The ability to raise money while investors were running away from dot-com companies was due to the fact that the EquipNet’s business model had real substance and at the end of the day it was not a dot-com at all.
 

The company immediately understood that the web was just a tool like the phone or even the fax machine. The web was NOT in and of itself the business model. By the spring of 2000, EquipNet began to concentrate on creating an asset management program for large manufacturing companies that would allow them to; identify, evaluate, track, relocate, and sell idle and surplus equipment throughout their enterprise. In the summer of 2000, EquipNet launched ARMS (Asset Redeployment Management System), the most widely used asset management system in the world. Today, this revolutionary, web-based tool is used by over 9,800 registered users in almost 4,000 facilities around the globe.
 

These individual “ecosystems” serve as the main source of supply for EquipNet.com, which has become the largest online marketplace in the world. EquipNet.com allows people from all sized companies and universities to buy and sell laboratory instrumentation and manufacturing process and packaging equipment through negotiated sales and/or auction events.
 

FIFTEEN YEARS ON

plane_equipnetfacilityIn the company’s first 15 years, they have expanded into industries that utilize similar laboratory instrumentation and manufacturing equipment including: bio-pharma, chemical, food, beverage, personal care, and medical devices. The team has grown from two people in a crowded back room of borrowed space, to over 130 people in locations throughout North America, Latin America, Europe, and Asia. EquipNet provides full asset management programs to some of the biggest corporations in the world: Merck, GE Healthcare, Johnson & Johnson, Novartis, Cargill, Mars/Wrigley, Unilever and Colgate- Palmolive.
 

There are only a few companies that were born inside the dot-com bubble that reached maturity. Those that survived did so because of strong operational leadership, entrepreneurial employees, and a clear vision of the future. EquipNet’s vision – ‘to revolutionize the way companies manage their surplus assets’ – first conceived at 30,000 feet somewhere in the sky between Chicago and Boston in 1999, has not only stood the test of time but has also laid the foundations of a business that is fit for the next 15 years!


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November 20, 2014
by Sarah Kilburne
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PRESS RELEASE: EquipNet expands business in Australia and South East Asia

Blog_PressReleaseHeading

EQUIPNET, INC.

FOR IMMEDIATE RELEASE

 

USA – Canton, MA

November 20, 2014

 
 

Strategic partnership with GraysOnline opens new opportunities in fast-growing markets

 

CANTON, MA:

EQP JOB 083_ImageLeading global asset management specialist, EquipNet Inc. (Boston, Massachusetts, USA), has announced an expansion in the Australian and South East Asia markets through a new strategic alliance with GraysOnline. The agreement combines EquipNet’s strengths as the world’s leading asset management company for laboratory, production and packaging equipment in the pharmaceutical, biotech, chemical, food, beverage, and personal care sectors, with the region’s leading commercial and industrial auction company.
 

As a result of the partnership, current EquipNet multi-national clients will enjoy strengthened delivery and additional support in these important and fast-growing markets. GraysOnline will benefit from a route to developing services outside their traditional heavy-industry client base.
 

Tom Noonan, VP Auctions at EquipNet, said: “This alliance is great for the clients of both companies. And we are already meeting new businesses, with new projects, who want to take advantage of the combined power of EquipNet and GraysOnline. This looks set to be a very successful partnership.”
 

Adam Scharer, Executive General Manager – B2B at GraysOnline, added: “We are pleased to partner with EquipNet. Both companies understand the value that a specialist approach to asset management and equipment sales can bring to our clients in better prices, faster liquidity, and maximum ROI.”
 

Over the past 15 years EquipNet has grown from two people in a crowded back room of borrowed space, to more than 130 people in locations through North America, Latin America, Europe and Asia. EquipNet provides full asset management programs for some of the biggest corporations in the world: Merck, GE Healthcare, Johnson & Johnson, Novartis, Cargill, Mars/Wrigley, Unilever and Colgate-Palmolive, for example. To find out more about asset management with EquipNet and how the company can help maximise return on surplus or idle laboratory instrumentation or manufacturing equipment, visit: www.EquipNet.com.

 

ABOUT EQUIPNET:

The Massachusetts based EquipNet, Inc., has become the world’s largest specialist in asset management. The company offers a range of tools that allow companies to take control of their assets. For example, a proprietary software platform ARMS™ (Asset Redeployment Management System), can be installed across multiple sites, behind the firewalls of these companies, allowing an enterprise-wide online accessible program that aligns with the requirements of that particular company. This is part of EquipNet’s unique approach, developed to balance the needs of a client to realize maximum value for key assets, dispose of routine items in as timely way as possible, and deal with scrap and low-value residual materials too. EquipNet has the biggest online marketplace for laboratory, production and packaging equipment, and is the largest specialist auction vendor in the world. EquipNet’s main markets are in the pharmaceutical, biotech, chemical, food, beverage, and personal care sectors, where its specialty market knowledge is proven to deliver higher value than many of the ‘generalists’ in the market. For more information, please visit: www.EquipNet.com.
 

PRESS INFORMATION:

Ellen Chesterman, Kapler Communications
Phoenix House, Phoenix Park, Eaton Socon, Cambridgeshire, PE19 8EP, UK
Tel: +44 (0) 1480 471059; Fax: +44 (0) 1480 471069;
ellen.chesterman@kapleronline.com


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