Heavy machinery maintenance
The heavy machinery and equipment sector in Europe was thriving in 2019. It continued to grow at the beginning of 2020, but after the COVID-19 virus struck, the industry faced a 10% decline in global and 5% in European sales.
Construction and other heavy machinery companies search for ways to save resources and keep the business running. In times like this, the second-hand equipment market is increasing. Selling and buying used equipment is a regular practice among countries. In Europe, heavy machinery usually migrates from Western countries to East and Eastern Europe.
Second-hand equipment still needs to meet local and European requirements, but it’s cheaper and depreciates slower. What you might need to pay attention to is preventative maintenance and careful equipment assessment. If you ensure regular machinery audits, it will serve you for many years to come.
Benefits of second-hand heavy equipment
Used machinery isn’t a rusty tractor with engine problems. All equipment for sale has to meet safety and quality regulations that vary from country to country. Companies buy used equipment because they can get an excellent deal for hardly used parts or machines.
Even though the machinery you buy might be a few years old, the price drops significantly after the first year of the initial purchase. You pay less in sales tax and avoid the first-year depreciation price drop.
Quality vs. price
You might want to buy new equipment because you’re worried that the used one might have defects or cost more in maintenance. While it can be true in some cases, the machines are often in excellent quality but much more affordable.
After the first year of the initial purchase, the used equipment price can drop as much as 40%, while the condition stays almost the same. The second point to remember is that if your company is located in a country that needs to ship most of the heavy machinery from other countries, transportation and manufacturing costs will add a lot to the initial price, especially if you need to send the equipment from overseas.
New machinery depreciates quickly within the first year after the initial purchase. By buying used equipment, you avoid the first significant drop in value. Later on, you have much more flexibility to purchase machines and sell them with a little depreciation.
It’s also faster because if you want to buy new machinery, you need to request the manufacturer to place your order. Then you have to wait for them to produce it and ship the equipment to you. Second-hand machinery, on the other hand, is already built, and if it’s in stock, you can order it immediately and proceed with shipping.
What some businesses do is that they buy used machinery for a short period or a single project. Used parts and machines keep their value longer, reducing depreciation.
Second-hand machinery maintenance
Used equipment is cheaper and easier to buy, but depending on age and condition, it requires more maintenance. If you ensure regular check-ups, you can use the machinery for a long time and sell it to the third buyer with a minimal drop in price.
Preventative maintenance is essential to avoid work disruptions and accidents. You should schedule regular maintenance to ensure the equipment is safe to use. If you don’t perform periodic revisions, it’s easy to miss small damage or spoilages, resulting in equipment failure.
Automation is the first step in preventing machinery failures and safety violations. Using a trusted service provider with a digital system solution to track your equipment saves you time and simplifies maintenance procedures.
Taskertools FSM software solution is designed to accommodate scheduling and maintenance planning. Our app lets your maintenance service provider schedule equipment check-ups, which notifies you or a responsible company when the time for the audit is close. After the task is completed, you can fill out a short survey, get a full report about the equipment and its status, and schedule the next audit.
Why is it better to use an automated solution?
Information can be easily lost if you write it down on a piece of paper. Field task administration service providers should ensure an up to date task and time management tool. This way, you don’t need to worry that something would go missing, as it does the planning work for you.
By organizing tasks, you can improve equipment maintenance scheduling and evaluate its condition. It adds up to the overall performance review and assessment of your company’s resources.
Second-hand equipment can serve for many years, but it needs proper attention. Don’t waste your time and resources worrying about preventative maintenance. Taskertools digital solution supports field service management companies with smart maintenance scheduling. Taskertools is an agile FSM tool that can be easily customized to specific business operations. We use the existing company’s system and operational flow to adapt and make it faster and more accurate.
See our plans to learn why Taskertools is the number one solution in managing heavy machinery and second-hand equipment.