April 27, 2012
by EquipNet News
Did you know that EquipNet has a YouTube Channel? You do now!
The channel features videos of actual machinery and equipment available for auction or resale. Instead of static pictures, you’ll have the opportunity to see the moving parts moving, and often you’ll see the equipment owner describing and demonstrating the machinery.
There are also how-to videos, like “How to Inspect a Reactor” and “How to Inspect a Heat Exchanger.” You’ll
also have the chance to see some EquipNet folks’ smiling faces – Jill Bergeron walks you through “Asset Accuracy: Know What You Have and What It's Worth”; Amanda Rosenhoover takes you through a “Three Day Chemical Equipment Auction”; and Bill Condon shows you some “Drinkable Yogurt Manufacturing Equipment.” Yum!
In all, EquipNet has more than 300 videos covering demonstration, explanation, and education. Go and have a look around today!
April 25, 2012
by EquipNet News
When most people think of selling at auction, they imagine being in a room filled with potential bidders, watching numbered paddles being raised and lowered, sitting or standing there until the item they’re looking to sell comes up for bids. And it’s true that some in-person auctions still take place. But come on – it’s the 21st century! EquipNet hosts online machinery and equipment auctions, and jumping in on one couldn’t be easier.
If you go to the EquipNet home page and then click on Auctions at the top, you’ll be taken to a list of current and upcoming auctions. If one catches your eye, you need only click the “more info” button on the right to see all of the items that will be auctioned off, as well as dates, times, minimum bids, current bids, sale currency, and buyer premiums. If it sounds like your cup of tea, all you need to do is register and you’re off!
One other great feature of EquipNet
April 23, 2012
by EquipNet News
At EquipNet, we’re always trying to keep our clients abreast of the myriad possibilities when it comes to getting rid of machinery and equipment due to closures. To that end, we’ve put together a series of eBooks and case studies with information on three specific closure scenarios.
When a company closes down a plant, oftentimes there is little consideration given to the equipment inside the building until the last minute, leaving a significant portion of the assets to be sold off quickly for a fraction of their actual value. EquipNet has compiled best practices of companies that have recovered a significant portion of their initial investment before closing their doors. To learn more, download the eBook or read the case study.
There can be a number of different situations that necessitate shutting down a lab, including funding withdrawal, failure to receive regulatory approval, or changes in company priorities. Sometimes there is little advance warning and a building needs to be cleared out quickly, and it's important to consider the fate of the v
aluable assets within. EquipNet has worked with global leaders and small firms alike, compiling a wealth of best practices for closing a lab facility and making the most of the equipment inside. To learn more, download the eBook or read the case study.
When closing manufacturing operations, many manufacturers fail to consider a very important factor – the value of the equipment in the building. Sometimes it makes sense to raze the building, equipment and all. Often, however, companies can obtain significantly greater value by developing a deliberate strategy for their equipment. This can result in hundreds of thousands, even millions of dollars in additional revenue, and can be the difference between a project that costs money, and one that makes money. EquipNet has compiled best practices with regard to maximizing returns while ensuring the safe and timely completion of a demolition project. For more information, download the eBook or read the case study, and most importantly, contact EquipNet before you engage your demolition contractor.
April 17, 2012
by EquipNet News
In a number of recent posts we have discussed some of the myths that keep companies from purchasing pre-owned machinery and equipment. Now, let’s talk about the cost-savings and benefits of purchasing pre-owned equipment.
A recent client of EquipNet, a Fortune 500 global pharmaceutical company with 100,000-plus employees and facilities in more than 140 countries, had an immediate need for two 30-liter bioreactors, and was considering purchasing new equipment for the quoted price of $205,000. The wait time for this equipment would have translated to significant lost lab/production time for the company.
EquipNet’s sales force was able to locate two unused Sartorious 30-Liter Bioreactors that perfectly fit our client’s needs. EquipNet negotiated the purchase of both bioreactors on our client’s behalf for a total of $115,000 without any lead time. At the end of the transaction, EquipNet Procurement Services saved our client a total of $90,000, as well as the invaluable time that would have been spent waiting for their equipment to arrive.
EquipNet’s Procurement Solutions is a revolutionary program that helps companies save millions of dollars per year by sourcing high-quality, pre-owned assets. Drawing on over a decade of experience serving brand name corporations, EquipNet has designed this program to allow companies to benefit from 25% to 75% savings off the cost of new – while avoiding the time, effort, and risk traditionally associated with the used equipment market.
If you are interested in learning more about cutting procurement costs, conserving cash, doing more with less, or purchasing pre-owned equipment, check out our Procurement Services page to see how EquipNet can help.