The Benefits of Asset Recovery in the Manufacturing IndustryMay 30, 2017
Ever wonder where your circuit boards, motors and other electronic parts end up when you’re finished using them? According to the U.S. Environmental Protection Agency (EPA), most meet their end in landfills, and sadly, many could be recycled and reused. Known as electronic waste, or e-waste for short, these pieces include far more than just the mobile phones and laptops of yesteryear. The EPA estimates that approximately 41.8 million tons of e-waste was generated worldwide in 2014 (data for 2015 and 2016 is not yet available), with the U.S. accounting for 11.7 million of those tons. By 2018, that worldwide estimate is expected to increase to 49.8 million tons.
Businesses with the tons of electronic equipment they use and discard annually – have the unique ability to make the biggest impact by recycling or upcycling their e-waste. An interesting trend has emerged in the electronics and engineering space, in which legacy equipment is sold off and warehoused by a third-party to resell to another company that is still using and in need of that equipment and accompanying parts.
Consider this: Company ABC purchased a large lot of sensors to test their own product, only to discover a few years later that a different sensor would help them better perform that test. They still had 5,000 new-in-the-box sensors from that first lot just taking up space in their warehouse, and when it comes time to move to a new facility, they consider throwing out those 5,000 sensors because it doesn’t make sense to move them to the new space. As far as Company ABC is concerned, those sensors are obsolete and completely useless. However, Company XYZ still uses the same sensors on a regular basis for a completely different application, and is finding that the inventory of their usual supplier is dwindling. They are spending countless man-hours trying to seek out these sensors, and wondering just how long they have before they need to change their operating procedures or product specifications to find a different solution.
Enter Radwell International and their Asset Recovery program. With so many connections and extensive knowledge of what’s being used – and retired – in the industry, Radwell stocks and sells new and surplus industrial automation, MRO, pneumatic, motion, electronic, hydraulic, HVAC and electrical control equipment for plant floor and facilities maintenance machinery. The process is easy. Call Radwell for a free recycling bin, gather and box your surplus, then call Radwell for free pick-up. Need more information? Radwell has highly trained and experienced asset recovery and surplus team members ready to help you make your business thrive.
Organizations that need to off-load equipment are able to do so; organizations that still need to buy that equipment can easily find and purchase certified equipment through a reseller; and less e-waste ends up in landfills. Asset Recovery is a win-win for everyone!
Radwell offers several different solutions for organizations that are looking to sell off legacy equipment.
(1) Lot Sell
(2) Consignment Sell
(3) Account Credit Sell
(4) Quick Sell
It is important to note that any equipment being sold to or sourced by Radwell International must meet the highest standards of functionality and use. However, not all equipment sold to Radwell has to be brand-new. Radwell has a team of in-house engineers and technicians who can refurbish equipment to a like-new state, granting it the Radwell Certified Pre-Owned stamp of approval, which comes with Radwell’s customary two-year warranty.
The types of equipment Radwell most often purchases and upcycles includes industrial automation equipment, PLCs, drives, motors, electronic parts, circuit boards, meters, sensors and all types of industrial controls. However, if your company has other types of surplus inventory that you’re looking to offload, please feel free to contact us at 800-884-5500 ext. 824 or visit http://www.radwell.com/en-US/Services/SellYours to learn more.