Article | June 30, 2022

Big Pharma Rethinking Resource Recovery Strategies

By Julia Meno, Strategic Initiatives Manager, Federal Equipment Company

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The Guide to Resource Recovery for Fortune 500 Companies provides information, ideas, and solutions for both procurement executives and site-level leaders on how to reduce costs, extend the value of existing capital investments, improve productivity, and become more sustainable organizations.

What is resource recovery? It is a systematic method to utilize equipment further or otherwise increase return on investment. Large manufacturing organizations need strategic resource recovery programs to achieve maximum return on capital equipment investments and allow procurement executives and site-level professionals to determine how to properly manage excess equipment.

The most apparent benefits of a well-crafted resource recovery program are lowered capital equipment costs and maximized return capital equipment investments; however, other advantages include sustainability and access to a dedicated on-call sourcing team. We look for opportunities to add value to the entire capital equipment life cycle. In short, we strive to help manufacturers extract maximum value from their manufacturing equipment investments. Our resource recovery program, designed for Fortune 500 manufacturers, is an essential component of these efforts.

Keep reading to learn about the seven primary investment recovery channels.

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