Manufacturing: Surviving Inflation, Supply Chain and Stock Market Woes September 15, 2022 The Oxford English Dictionary defines survival, “as the state of continuing to live or exist, often despite difficulty or danger.” Many manufacturers in the quarters to come may find themselves in a survival state given a combination of sector dependent inflation/deflation, inventory challenges, employment woes, supply chain disruptions and declining consumer demand. And those lucky ones which do emerge partially or fully unscathed would do well to prepare for the worst even if they emerge among the best. Surviving -- let alone thriving -- in this climate will be easier said than done. And it will require looking beyond the headlines. For example, it would be easy to read a popular business newspaper, magazine, or online journal in June of this year, and believe that we were still living through unbridled economic inflation across what … [Read more...] about Manufacturing: Surviving Inflation, Supply Chain and Stock Market Woes Industrial News
Top 8 Mistakes to Avoid when Selling Machinery Online August 13, 2022 Are you facing trouble while trying to sell machinery onlinebecause you think the market is unprofitable? That's not true; selling machinery online is a great business considering it provides the vendors a chance to earn a greater profit. Companies have ever-changing schedules, and providing them with good-quality machines for the right price can bring you more clients quicker than you think. There's a long list of clients, especially in the industrial sector, that you can attract. Since selling machinery online is accessible to buyers worldwide, you have a greater chance of making more sales. Top 8 Mistakes to Avoid when Selling Machinery Online Despite the amazing potential of the online market for machinery and other equipment, you might still need help selling your machinery online. There are various reasons why you might … [Read more...] about Top 8 Mistakes to Avoid when Selling Machinery Online Machinery and Equipment
Common Questions When Selling Your Used Hydraulic Presses Online July 11, 2022 A hydraulic press can be difficult to sell for those business owners looking to upgrade their old equipment. Due to the general size and weight of a press, increased rigging and shipping costs over the past 2 years, finding a committed buyer can be challenging. However, there are some options available to streamline the process of reselling your hydraulic press. If it’s just sitting in your warehouse taking up space, it’s likely time to sell it. In the following post we’ll answer some common questions for how and where you can sell a hydraulic press. What Should I do Before Selling My Press? It is likely that you are already investigating different methods in which you can easily sell your used hydraulic press, however, it is important to take note of the following tips and advice before selling your hydraulic … [Read more...] about Common Questions When Selling Your Used Hydraulic Presses Online Machinery and Equipment
Appraising Machinery and Equipment: The Valuation Process June 15, 2022Management guru Jack Welch once said, “You got to be rigorous in your appraisal system. The biggest cowards are managers who don’t let people know where they stand.” He was discussing performance appraisals and measuring how well people are doing their jobs, but the same is true when determining the value of physical assets. If managers aren’t aware of the worth of a particular piece of equipment, they will struggle to evaluate how much value it contributes to the business. They will remain unaware of whether or not it efficiently aids operations. They will remain unable to apply for certain kinds of loans. And they will not be able to have any confidence about receiving a fair price when time comes to sell it on the secondary market. In this article, we will explain what machinery and equipment appraisal is, why you should perform … [Read more...] about Appraising Machinery and Equipment: The Valuation Process Machinery and Equipment
Common Questions for Selling Used Transformers Online May 13, 2022 Finding a committed buyer for a surplus or used electrical transformer is challenging and requires a fair bit of planning and thought. The transformer market is extremely hot right now with plenty of money to be made, but it’s important to find the best avenue on how to market your transformer and ensure you get the biggest bang for your buck when selling a transformer online. With this guide, we’ll answer common questions and provide tips and on where to sell your transformer online and how to get the most money for it. What Should I do Before Selling a Transformer? Take an Inventory Check If you have multiple transformers for sale, make sure you inventory each one and have a copy of the specs for each one as well. Make sure you take note of the type of transformer, such as three phase or single-phase transformers. Is it a … [Read more...] about Common Questions for Selling Used Transformers Online Electrical and Power Equipment Machinery and Equipment