Avionics News May 2022 - 44

In its online MarketPlace, EquipNet
offers a wide range of machine shop tools
and equipment such as CNC machines,
lathes, welders and grinders.
EQUIPNET INC.
Continued from page 43
purchase pre-owned items for their facilities. "
For companies wanting to sell equipment during a facility
Through EquipNet's online marketplace and auctions,
companies can sell one piece of surplus equipment or
hundreds. The value generally determines the best way to sell.
For example, with items valued at less than $3,000, EquipNet
suggests selling via the online auction. The Own it Now sales
option is ideal for items up to $10,000. High-value equipment
works well for negotiated sales and the online marketplace.
For buyers, larger equipment and systems can be inspected in
person by appointment.
" Sellers can post items themselves, or we can handle the
process for them with no out of pocket costs, " Kilburne said.
For large, Fortune 500-type companies with multiple
facilities, it can be difficult keeping track of equipment that's
actively being used versus equipment that's sitting idle. To help,
EquipNet offers its Asset Redeployment Management System.
The web-based software enables companies to identify, track,
redeploy and sell or dispose of its surplus equipment.
" Clients use EquipNet ARMS to redeploy items from
facility to facility, " Kilburne said. " Equipment that they don't
redeploy then becomes active on EquipNet MarketPlace
for negotiated sales outside of the company. This is usually
where we see small and medium-size companies come and
44 avionics news * may 2022
closure or relocation, EquipNet provides a turnkey solution
that manages the entire sales process.
" We've managed hundreds of facility closures and projects
over the last two decades, " Kilburne said. " We're able to work
within a customer's time frame and match their equipment
with the right end users and buyers in their particular
industry. "
When businesses need a quick solution for selling idle
equipment and laboratory instruments, EquipNet can often
buy it outright. The company's Outright Purchase Program
provides immediate cash flow, frees up valuable space and
gives businesses financial breathing room to purchase needed
equipment.
Through all of its services, EquipNet provides a sustainable
solution that puts idle machinery to work elsewhere. Rather
than ending up in a landfill early, the equipment gets
redirected and put to good use, creating a circular economy.
" Sustainability initiatives are a common practice for
many of our clients, " Kilburne said. " We've helped divert
many metric tons of surplus equipment destined for landfills
for reuse, internally and externally. Plus, we provide
environmentally friendly options for equipment at the end of
its life cycle, including recycling and scrap services. " q

Avionics News May 2022

Table of Contents for the Digital Edition of Avionics News May 2022

Avionics News May 2022 - Intro
Avionics News May 2022 - Cover1
Avionics News May 2022 - Cover2
Avionics News May 2022 - 1
Avionics News May 2022 - 2
Avionics News May 2022 - 3
Avionics News May 2022 - 4
Avionics News May 2022 - 5
Avionics News May 2022 - 6
Avionics News May 2022 - 7
Avionics News May 2022 - 8
Avionics News May 2022 - 9
Avionics News May 2022 - 10
Avionics News May 2022 - 11
Avionics News May 2022 - 12
Avionics News May 2022 - 13
Avionics News May 2022 - 14
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Avionics News May 2022 - 25
Avionics News May 2022 - 26
Avionics News May 2022 - 27
Avionics News May 2022 - 28
Avionics News May 2022 - 29
Avionics News May 2022 - 30
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Avionics News May 2022 - 43
Avionics News May 2022 - 44
Avionics News May 2022 - 45
Avionics News May 2022 - 46
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Avionics News May 2022 - 48
Avionics News May 2022 - 49
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Avionics News May 2022 - 58
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Avionics News May 2022 - Cover3
Avionics News May 2022 - Cover4
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