Knowing what not to do and what questions to ask keeps any scrap metal management system efficient, viable and profitable. Stewardship of a valuable asset is not “dealing with junk”. Much more is involved in providing effective scrap management than having “a deal” or contract in place with the local vendor. Beyond the basic definition of scrap and more sophisticated than simply separating ferrous from non-ferrous materials, lays a system of controls, checks and balances that requires proactive
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According to the online encyclopedia Wikipedia, “Demolition is the opposite of construction: the tearing-down of buildings and other structures. It contrasts with deconstruction, which is the taking down of a building while carefully preserving valuable elements for re-use.” Clearly, the Wikipeds haven’t had many conversations with IR professionals, because ‘carefully preserving valuable elements for re-use’ pretty-much sums up our entire profession.
Radio-frequency Identification (RFID) is a continually evolving technology for tracking and monitoring inventories. While it will be some time, years probably, before RFID is a widespread method for tracking surplus industrial assets, it is presently being used in certain commercial applications.
Curious about what the Benchmarking Committee does and how their surveys benefit the association? All of your questions (and then some!) answered here...
Several years ago, the National Demolition Association did a survey of the general public and found that most people believed that all of the debris from demolition jobs went to landfills. Nothing could be further from the truth; demolition contractors recycled long before it became popular.
At first glance, finding a second home for surplus assets within your own organization should be easy. Like a ride in the park, right? After all, it obviously fit into corporate standards at one point, and the fact that you are even considering redeployment indicates that there is still useful value, even if some in the organization see it as an asset that has traveled its last mile. Four seasoned Investment Recovery professionals share some of their insights into the redeployment process.
Demolition is perhaps the ultimate outsourced service requested by investment recovery practitioners; but like all outsourcing, turning a project over to outside professionals doesn’t necessarily guarantee success. To help insure that your next project doesn’t blow up on your watch, ASSET 2.0 turned to the Associate Members for some dynamite insight on the demolition process.
When it comes to selling non-performing assets such as used construction equipment and trucks, the number of decisions to be made can be overwhelming. How to sell. When to sell. Whether or not to outsource. Doing some research and weighing your options will help you sell these types of assets for the highest possible return in the shortest possible time.
With the ongoing advancement of technology, online auctions have become a viable and proven resource for the disposition of surplus inventory. For the seller, an online auction exposes surplus equipment to thousands of pre-qualified bidders on a global scale, providing the opportunity to maximize recovery. Additionally, the use of Internet technology for targeted marketing and disposition of inventory provides a dynamic bidding platform that ensures open, fair competition and provides detailed p
Recent technological advances have produced many new and effective liquidation strategies that offer pre-auction options. Depending on the timeline (still an all-too-frequent hurdle), Investment Recovery professionals now have a plethora of opportunities available to help get increased visibility and top dollar for surplus assets.