Humans are always prone to making mistakes. And when it comes to purchasing used industrial equipment, a single bad decision can prove to be very costly and damaging to your operation.
How Used Industrial Machinery Can Be Beneficial?
Let’s say, for example, you urgently need a new injecting molding machine. And as any modern buyer would, you rush to the internet, visit a couple of websites, get in touch with a few reliable sellers, make a deal with one of them, and have the piece of equipment delivered to your factory.
It is only then that you are hit with the hard realization that while a machine may look perfect on paper, it has different parameters, has lower precision than you expected, and is missing some features (or not yet included in that year of manufacturing), no one at the factory can program it, and so on.
Every purchasing decision is critical to your business. Fortunately, most of the mistakes can be easily avoided. With that being said, here are the 10 most common mistakes when purchasing used industrial equipment.
Failing to Assess Your Business Reality
The first and most important thing you need to consider when making such a huge investment is what your objectives are. Obviously, you expect to gain value from your investment. This can include increased productivity, an edge over your competitors, medium and long-term business growth, and so on. Thus, you need to come up with a well-thought-out investment plan that addresses your short and long-term needs.
Failing to Consider the Operators
While they may not be concerned about the cost of the equipment, they will care about ease of use, skills required, security, and maintenance requirements, among other things.
This is why it is important to involve your operators and technicians when deciding on the right type of machine to get. Ask for their opinions and feedback. This will not only help to avoid having many unaddressed issues down the road but will also help make your staff feel valued.
Not Using Online Marketplaces
In one of our previous articles “5 tips to sell your used machinery”, we listed using an online marketplace as one of the most effective solutions. This also applies when it comes to purchasing a piece of used industrial equipment.
Here, you will find all kinds of machinery, and it won’t take long for you to find the specific one you are looking for. Hundreds of sellers add their machines daily at Exapro.com – registering is free and fast.
You can opt to subscribe to their specialized newsletters to be notified about all the latest machines.
Failing to Seek Advice from a Specialist
Purchasing used industrial equipment is a long and delicate process, which is why it is always advisable to get some expert advice when in doubt. A specialist will help address all your questions and concerns and may make the process much easier for you. For instance, if the machine is in another country and the seller uses a different language.
Selecting the Secondary Options of the Machine
When browsing through the many different offers on the market, you will come across some options with intriguing additional features that are not necessarily useful to meeting your business needs. Many buyers tend to stray away from the primary features and end up spending more money unnecessarily. Don’t go for any secondary options of the machine without proper consideration. You need to be very clear about what you need in your machine beforehand.
Not Arranging for Proper Training
Proper staff training will help reduce the time needed for your employees to get used to the new machine as well as reduce the drop in productivity during this period. So, once again you need to consider your employees and set aside time for their training.
Not Knowing the Safety Requirements of the Industry
Safety should always be a top priority. And there are certain safety requirements in place when it comes to the use of industrial machinery. It is, therefore important that you learn and understand them before investing in any used industrial machinery.
Not Going for Inspection
Before making any purchase, it is always advisable to first see and inspect the item. This is particularly important when it comes to buying used industrial equipment. You need to be sure that it is working properly. If a physical inspection is not possible due to distance, you can arrange an online inspection. This way, you will be able to view the equipment without the need for traveling.
In the surplus database sellers are requested to provide pictures and videos of their used industrial equipment to help buyers get a better understanding of the machine.
Failing to Check the Website’s Reputation
Always work with established, trusted, and well-known websites. The last thing you want is to work with a website that disappears a week after your deal. Check online reviews and the number of machines the site has. This will help give you an insight into its reliability and trustworthiness.
Choosing Price over Quality
While you definitely want to save money on your purchase, don’t just rush for the cheapest offer you find. The point is to find a quality piece of machinery that meets business needs at an affordable price. The cheap price almost always reflects its cheap quality.
So, we hope now you know the right place to buy Used Industrial Machinery and if you still have any queries or feedback then simply drop them in the comment section below.