FabExchange is an expert in surplus asset management and has implemented programs encompassing over $200 million in advanced manufacturing and test equipment value. Our approach lowers risk and consistently provides higher return on capital by designing state-of-the-art surplus asset management programs that are customized for your unique business needs. We provide options to use our proprietary asset management database enabling our client company-wide visibility of all their surplus assets, spare parts inventories, and asset-related maintenance records.
Elements of surplus asset management include:
- Benchmarking industry best practices
- Developing strategies for maximum return on capital
- Drafting end-to-end process flows
- Writing corporate policies and guidelines
- Socializing new policies and procedures across functions and geographies
- Internal reuse processes
- Database management and asset tracking
- Web platform for internal reuse
- Accounting best practices
- Mitigating potential compliance or conflict of interest issues
- Sales agreement language to minimize risk
- Appraisal and market valuation
- Forecasting sales and profit
- Documenting equipment condition and configuration for promotion
- Promotion across multiple used equipment channels
- Buyer engagement and negotiation
- Sales tracking and reporting
To discuss your specific needs, please contact our sales staff at: inquiries@fabexchange.com