By Julie Meno, Strategic Initiatives Manager, Federal Equipment Company
Surplus and idle equipment can lead to decreases in workspace and work efficiencies for a manufacturing site. These surplus items of equipment often get in the way of operations. You can decide to store those unproductive assets out of the way or offsite which has its own separate costs. You can also store them on-site with other things you are actually using, but you will pay in manpower and response time to move and handle them over and over again while they are in the way of equipment or other goods you need for actual production. Alternatively, you can get paid for them, clean up your workspaces, and reduce response time for things needed in production, all at the same time.