How SIGMA Group can assist you with your idle assets
According to the Investment Recovery Association, up to 20% of a company’s assets can be considered surplus, and the average annual holding costs for an idle asset can equal up to 45% of its market value. By the IRA’s math, your company will lose money on each idle asset within approximately two years.
In order to regain as much value as possible from idle equipment, companies use asset recovery programs to redeploy or divest idle assets. These programs are most common in the pharmaceutical, food and beverage, and consumer goods industries. While smaller companies may rely on in-house processes to carry out their asset recovery efforts, medium-sized and larger organizations often choose third-party solutions. When selecting a third-party program, it is important to make sure a program’s focus aligns with the company’s goals.
With nearly 20 years of experience in the field, SIGMA Group provides invaluable expertise and software to make your idle asset management seamless. SIGMA’s proprietary software, SIGMA Recovery, makes monitoring and utilizing your equipment as easy as logging in. Our mobile-friendly platform provides a simplified user experience with up-to-date reporting and user management tools.
If your company plans to divest often, it’s important to choose an asset management program with relevant services, including open market sales assistant, auction services, or recycling programs. Additional desirable services might also include storage, reconditioning and recycling programs. While all these options can become overwhelming, SIGMA Recovery is here to help; your dedicated account manager will provide recommendations and ensure you aren’t alone in the decision-making process.
SIGMA Group offers multiple services to assist with your idle equipment. We call it the 4 Rs: Redeployment, Recondition, Resell, and Recycle.
Redeployment allows you to send idle equipment from “Facility A” to “Facility B” without having you or your company spend time and money on unnecessary equipment. Redeployment is faster and cheaper than buying new equipment and allows us to better connect your facilities.
Reconditioning your equipment allows you to send your equipment to us and utilize our 10,000 square foot facility, where our experienced and knowledgeable shop technicians can repair and retool your equipment before redeployment or resale. This allows you to again save time and money by simply restoring and reusing old equipment compared to buying new,, or preparing the equipment to get the best resale value possible. Our retooling, reconditioning, and integration team at SIGMA Integration can assist with any projects you may have.
For reselling and recycling your equipment, SIGMA Group combines their selling divisions consisting of SIGMA Auction, SIGMA Equipment, SIGMA Surplus, and C&I Electronics to help keep costs low and get your assets sold quickly.
SIGMA Auction
SIGMA Auction provides live, online, and consignment auctions based on our customers’ needs. Our proven system efficiently manages your equipment and provides you with a recommended opening bid amount that’s attractive to buyers and your bottom line. We work with thousands of industry experts and customers to get your equipment sold for as high a bid as possible to gain immediate profit. As soon as the auction has concluded, we gather your purchased equipment and you collect your earnings.
SIGMA Equipment
SIGMA Equipment sells your equipment quickly and efficiently. Whether you choose to store your pieces or send them to our climate-controlled and secure facility, we offer multiple options to sell your idle assets. With a robust sales team that understands the current market and a database of over 80,000 customers, we’re sure to find the right buyer for your equipment. We handle all negotiations and present you with the best offer available. Once you’ve accepted an offer, we’ll handle the logistics.
SIGMA Surplus
Another solution for your equipment, should it not bring value to be sold as one piece, is to parse those pieces out and sell them for components and spare MRO parts. SIGMA Surplus is a leader in this industry and provides you with additional value and profit from decommissioned equipment. We pay competitive rates for idle and decommissioned assets across a variety of programs tailored to your needs, including site visits, consignment options, inventory evaluation, outright purchases, and much more.
C&I Electronics
C&I Electronics recycles all of your electronics, but also destroys or sanitizes your data, ensuring that your proprietary data stays proprietary. Whether that be destroying drives and other storage devices to sanitizing them to be utilized once more, our team can ensure that your equipment and data are secured. If a piece is at the end of it’s lifecycle, then we can recycle all of metals and electronic components to ensure it is safely recycled using our R2 certification.
Some programs, like SIGMA Group’s, include equipment documentation to facilitate redeployment and resale with better accuracy for matching equipment to project requirements.
To learn more about how SIGMA Recovery can help you save time, money, and resources, click the link below and contact SIGMA about your next project.
