By Jim Coyne, Business Development/Sales, Federal Equipment Company
As pharmaceutical manufacturers’ equipment budgets continue to rise, demand grows for acquiring equipment that addresses today’s trends. For example, there is growing interest in bioprocess manufacturing technology for complex formulations. Additionally, enhancements in tablet presses and tooling equipment are adding to a rising interest in such technology.
Fortunately for pharma manufacturers, this equipment can be purchased at a more reasonable price with a faster turnaround time by considering the surplus of used equipment in the market. Typically, purchasing used equipment can save companies anywhere from 55%-70%. These savings increase manufacturers’ ability to purchase more equipment within their respective budgets or reduce the overall cost basis for the project.
These five tips can ensure that, whether purchasing new or used equipment, the entire procurement process runs as efficiently as possible.