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Lifecycle Management
Asset recovery generates significant revenue and creates impressive cost-savings for corporations. FireBuy provides corporations with a structured program to identify, sell, or otherwise dispose of surplus or idle assets. Many used items retain value in secondary markets. This value can be captured by a knowledgeable recycler and shared back with the generator for buying additional equipment or other assets. The following graph demonstrates that there has been a constant increase in the percentage of recovered assets during the last decade.
Key steps for a successful asset recovery program include:
Identify surplus
Assess value of assets
Identify markets
Finalize legal transactions
Manage risk
Report program status
In today's organizations up to 74% of all idle inventory and obsolete assets can be remarketed to individuals and companies to recover a portion of their initial investment (see graph below). In comparison, 12% of these assets have to be recycled because they have no market value or they are hazardous. An even smaller portion (9%) can be set aside for redeployment within the company. Finally, a company can return up to 3% of these assets to the manufacturer for a credit, while 2% can be remanufactured.
Asset recovery Benefits:
Improve short-term cash flow
Reduce inventory levels
Improve storage space
Recover a portion of idle assets' costs
Strengthen company earnings through reduction of operating costs
Reduce liabilities
Minimize taxes
Many companies that consider themselves in touch with investment recovery earn only a fraction of the potential fair-market value because they frequently sell assets for scrap or don't aggressively identify and market idle assets. FireBuy helps you to eliminate this problem by selling your assets at a fair-market value utilizing their many services. |
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