7 Things to Know About During Asset Recovery
Asset recovery is the specialized technique that allows companies to go into facilities and complete electrical tear downs and manufacturing plant clean outs. Companies specializing in asset recovery take resources that are no longer being utilized and resell them after they are put through the reconditioning process. This technique allows materials that would be normally disposed of and allows them to be sold. Electrical surplus recovery companies do complete manufacturing plant clean outs, taking materials that are going to otherwise be disposed of and turning them into usable assets. Below, we are going to look at the definitions that one should know during asset recovery and purchasing electrical components that are new, used, recycled, or refurbished.
Recycling:
Harmful materials and disposal costs of material waste can be reduced with recycling. In the recycling process materials are converted during plant clean outs, generating income as well as preserving resources.
Reuse:
Equipment and electrical components often can be reused in other manufacturing facilities after a plant is closed. Re-using equipment allows older equipment to be replaced with internal resources before the need arises to make an external purchase. If the equipment is not currently needed but could be used in the future can be put into storage for later use. Reusing idle equipment helps companies reduce depreciation, taxes, and capital.
Reconditioning:
This process begins with electrical components and machinery that has previously been used. Companies recondition components by taking them completely apart and rebuilding them. This process is done often during plant clean outs as a way of generating capital. Components are refurbished and sold to other users at a discounted price. The process of reconditioning reduces waste and allows companies to offer like new components for resale.
Reclaiming:
This process involves solvents, chemicals, lube oils and more that have been used to be reclaimed and reused, most often in a manner in which they weren’t initially used. This allows companies to cut down on waste while being environmentally friendly.
Reselling:
When used or reconditioned surplus inventory is sold. This occurs when it is no longer viable or useful to the company and there is no reason to store it for reuse later on.
These processes keep companies from literally throwing money away in dumps. Manufacturing plant clean outs allow materials to be reconditioned or sold as used through electrical surplus recovery shops. Companies that go in and process industrial plant clean outs greatly help companies recover capital from their previous investments. It is important to extract every bit of value out of your initial investment.
Learn more about J & P Electrical Company and their vast line of new, surplus, and refurbished industrial electrical components including: circuit breakers, bus ducts, bus plugs, disconnects, fuses, panel switches, tap boxes, and transformers at www.jpelectricalcompany.com. To contact one of our product reconditioning specialists, call 877.844.5514 today.
