Until recently, many pharmaceutical companies would never have considered buying pre-owned equipment.   However, several important changes have made many pharmaceutical manufacturers – including most big pharmaceutical companies rethink this position.

Increased pressure on margins – Years ago, many pharmaceutical manufacturers had such healthy margins that it was not worth their time to focus on manufacturing costs.  However, times have changed.  Today, changes such as globalization, expiring patents, and health care reform are creating significant pressure on margins.  To survive, pharmaceutical manufacturers need to find new ways to cut costs and become more efficient.

Unprecedented selection of high quality supply – To many, the words “used equipment” conjure up an image of old, broken machines with obsolete technology rusting in a “bone yard.” However, in recent years, changes such as supply chain restructuring, mergers and acquisitions, plant closures, lean manufacturing and technology upgrades have unleashed an unprecedented wave of premium, pre-owned equipment supply.  Today, companies can find top quality, late-model equipment coming available from name-brand global manufacturers.  In fact, it is not uncommon to find equipment that is brand new, unused and still in the crate from the OEM.

Global, web-based equipment marketplaces – Historically, the used equipment market was highly fragmented, with thousands of individual dealers, auctioneers, and companies each selling the few pieces of equipment they had in inventory.  Finding what you needed was like finding a needle in a haystack.  However, the emergence of global on-line marketplaces like EquipNet.com has brought together a virtual inventory of nearly every variety of equipment from around the globe.  Today, a few keystrokes or a simple phone call are often all it takes to find equipment matching your needs.

While the benefits of purchasing pre-owned are great, it is very different from buying new. This is where, EQUIPNET (www.equipnet.com), the world’s leading provider of surplus asset management solutions steps in to assist these corporations. Established in 1999, with offices worldwide, it specializes in assisting pharmaceutical, consumer, chemical/API, & biotechnology companies identify, manage, redeploy, sell their idle/surplus assets, same time assist in procuring pre-owned (used/unused) equipment.