Why is Asset Recovery Important?

Electrical plants can house a plethora of dangerous components and parts, and when one is torn down, for whatever reason, often what is left behind can be troubling for more than one party. Asset recovery is a very important step in this process and is something one should consider when dealing with large-scale tear-down projects. Fortunately, many organizations exist with fully insured, experienced, and professional experts who specialize in the proper recovery of assets of all kinds. Regardless, there are a few reasons to keep in mind as to why asset recovery is important.

Bad material in planet

 Electrical components may sometimes be made from natural resources, but the vast majority are man-made objects and thus do not do the planet any favors when left behind on tear-down sites. The material used to make these objects need to be recovered by a company that specializes in asset recovery so these materials can be stripped down and either recycled properly or reformatted to fit within new products. If this does not happen you can see these objects sticking around far longer than the planet would like, which benefits nobody.

Liabilities and cost

The cost of electrical components and parts can vary from relatively cheap to astonishingly high prices, depending on the nature of the item. It’s obvious that companies want to make money, so the idea of leaving assets and potential dollars on sites is not business owners. Being able to recover these assets ends up saving the supplier or manufacturer thousands of dollars AND prevents the assets from causing harm to the enviroment.

These components or IT assets can be a liability if not properly recovered and/or recycled. For certain IT components and devices, the possibility of sensitive information can always remain despite any attempts of wiping data, and anybody can recover these assets not affiliated with any professional asset recovery organization and use that data to their own advantage. It’s important that proper recovery is completed to not leave any potential data leaks from happening onsite.

Stolen

An obvious reason in which asset recovery is important bleeds into the prior two reasons: stolen property. Because a wide variety of electrical and IT components and parts are very expensive to the manufacturer no business wants to waste the money having their equipment stolen by somebody before it can be properly recovered. Theft is a widespread and universal issue spanning all industries and the theft of electrical components is not spared. It is an ongoing issue with theft and that is a good reason to support the recovery of electrical assets.

J & P Electrical Company is a full-service electrical company that supplies contractors, end users, and supply houses with new surplus, quality reconditioned, and obsolete electrical equipment. We offer a wide range of electrical equipment such as bus plugs, bus ducts, panelswitches, and transformers. Services include asset management, product reconditioning, and electrical products. More information can be found at https://www.jpelectricalcompany.com