Asset Retrieval: Finding Lost Capital July 28, 2010
Posted by OnProcess Technology in advanced exchange, Asset Recovery, Asset Retrieval, OnProcess.Tags: asset retrieval, Best Practices in Asset Retrieval, Cap Ex, Capital Expense, OnProcess Technology, reducing capital expenditure
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Getting More of Your Stuff Back, Faster, Can Add Millions to Your Financials
So many of our client companies initially thought that they were doing about as well as was possible in their internally sourced asset retrieval programs. With 60 to 90 day return rate percentages in the high 70s or even low 80s, they had become accustomed to writing off the remaining assets.
It was only after speaking with us, and piloting an OnProcess RL360™ Asset Retrieval program, that the true potential of an optimized asset retrieval process became clear. Depending on the average value of your parts or devices in the field, an increase in the velocity of returns as well as the overall rate of return can mean savings of millions of Dollars in Capital Expense for replacements.
ROI Calculators on the OnProcess Technology Website
Our website has several ROI Calculators which can give a quick illustration of the financial benefits of an OPTimized Asset Retrieval program. Plug in your own numbers and see how things look – your numbers are not monitored or seen by anyone but yourself.
–sk
Asset Retrieval is Critical in This Difficult Economy October 15, 2008
Posted by OnProcess Technology in Asset Recovery, Asset Retrieval, OnProcess.Tags: Asset Recovery, asset retrieval, customer satisfaction, finding capital, reducing capital expenditure, Steve Kirstein, strategies for managing in economic downturn
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With lending and borrowing tighter, if in fact not available, companies will have to find ways to limit Capital Expenditures without hurting their operations or customer relations. As self-serving as it may be for us to mention, a well-run Asset Retrieval program can make a huge impact on operating expenses and reduction of Cap Ex.
If you can find all of your inventory in the field, and get it back faster, you can dramatically reduce expenditures on replacement goods. Returned items can be repaired, refurbished or otherwise returned to the field more quickly, keeping new equipment inventory needs down. A relatively small percentage improvement in return velocity and return rates can leverage a very large improvement in profitability.
Combining all this increased awareness and control of your warranty and end-of-life equipment with a proactive customer outreach will also mean you can maintain and even improve customer satisfaction, while reaping these very tangible financial benefits.
So, while you’re fervently hunkering down, contemplating cuts in Marketing, Operations, Personnel and so on, which will all impact sales and customer satisfaction, consider reviewing your Asset Retrieval operation as an important alternative that can bring financial improvement AND increased customer satisfaction.
–sk
