Top 3 Things to Consider in Production Consolidation

With the outbreak of COVID recently, people see a great risk in integrated supply chain, due to this more and more companies have chosen to distribute their manufacturing and assembly to different sites with different suppliers. But how to manage your factory idle assets and maximise the return during your factory relocation or production consolidation? As an expert in surplus management, we'd like to point out the top 3 things you should consider here.

1. Compliance

The whole process of idle assets redeployment or resell should apply the compliance of your company policy and the local laws. The procedure should be clear and transparent for your internal audit.

2. Maximise the return

Your assets should firstly be well-categorised and assessed in marketplace. The best practice is always redeployment between your group. But for those which needs to dispose, you could sell them via online auction with a professional platform.

3. Minimise your hassle

You should have a professional team to take care all the details for you. There will be much more things you could imagine, including categorising, marketing, Q&A, price and terms negotiation, contracting, pick-up, etc. An expert can help you reduce the risk to great extent while minimise your cost and hassle.

Feel free to contact me if you have any question in idle assets management and dispose. I'm more than happy to discuss with you how we could assist you here.