With the ebbs and flows of work orders, it can be challenging to choose the best time to sell your CNC machines. By focusing on your business goals, you can make decisions about your machine inventory that will help push your company toward its potential.
You may have found your shop has diversified too much. Going back to the core of your business where you had the most success can help you solidify your work output. When you bring focus to your product and service lineup, you also improve your branding. It is often better to be excellent at a few tasks than mediocre at many.
Freeing up Floor Space
We noticed a trend in many of our clients that warehouse floor space is often taken up with inactive equipment. There are changes in work streams depending on the time of month or season. But if you notice one or more machines getting less use, then you could free up some room by selling them. Choose to fill the space with machines that your business uses more often or keep the area open to reduce clutter.
Money for Inactive Equipment
Aside from the necessary floor space, money is also tied up in unused machines. When you sell these units, you may be able to refocus their sale price into another part of your business that you want to grow.
Invest in a New Model
Sell an older model to acquire an updated CNC machine. There are constant advancements in technology making machines more efficient and capable. You may find that selling one of your models improves productivity or cuts maintenance costs. When you notice a newer model machine is available that will have a significant increase in offerings, it is time to make the update.
There are many reasons to sell unused machinery from your shop. But, there are legitimate reasons to keep machinery around, even if you haven’t used it lately. If you would like to chat through your options, reach out to the CNC machine experts at Tramar Industries today.