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Article Written By: Clayton Arnold
Whether you are interested to buy or sell metalworking equipment in Pennsylvania, the state offers a wealth of opportunities. Along with being the founding place of the steel mills of America, Pennsylvania continues to thrive with cities that have nicknames like Steel City. Discover the past and the present of the industrial metal manufacturing industry in the state of Pennsylvania. Then learn how you can benefit from choosing to sell used or surplus metalworking equipment.
In the Keystone State of Pennsylvania, the Industrial Revolution of America was born. Along with being one of the original 13 states, Pennsylvania is also the birthplace of industrial manufacturing in the early 20th century. Here the steel industry was the foundation of the state’s economy.
The second largest steel producer on the planet, also in Pennsylvania, is US Steel in Pittsburgh. US Steel was founded by America’s most famous banker J. P. Morgan and an American lawyer Elbert H. Gary in 1901. US Steel continues to produce steel products today including iron ore, tubular steel, and flat-rolled steel. The steel company is headquartered in Pittsburgh, Pennsylvania at the US Steel Tower.
US Steel bought out another steel magnate, Carnegie Steel Company, also based in Pittsburgh. When US Steel purchased Carnegie Steel Company from its founder, the deal made Andrew Carnegie one of the world’s wealthiest men and a household name.
With a city with the nickname of Steel City, it is no surprise that Pennsylvania is still a leader in manufacturing. The manufacturing output accounts for an output in 2017 at $87.65 billion, overall this number accounts for 11.7 percent of the total gross state product.
The Pennsylvania manufacturing industry currently employs over 560,000 employees across more than 14,400 companies ranging from traditional manufacturing such as primary metal to high tech, and consumer grade electronics. The Boeing Company, General Electric Company, and Carpenter Technology Corporation all have headquarters in the state.
Over time as manufacturing has become more automated, we have seen a migration in the amount of money each individual sector has made in Pennsylvania. What was once dominated by primary metal and fabricated metal products now sees its ranking fall behind chemical production and food and beverage products in 2016.
As the birthplace of industry and manufacturing, Pennsylvania manufacturers take the lead in adopting and driving new innovations to this industry. These manufacturers are looking at how to leverage the Internet of Things (IoT) Liquid additives or even how to use reverse supply chain logistics to improve efficiency and even profitability.
The Internet of Things (IoT) connects machines via a wireless internet connection. The concept behind IoT is to connect and automate systems and processes for metalworking machinery manufacturers. Manufacturing.net reports that the IoT is expected to reach more than 80 percent of manufacturers by 2021.
The areas where the IoT will gain the most traction in the initial stages is in IoT sensors. These sensors gather data about machinery to better provide maintenance and repairs. According to Manufacturing.net, these IoT sensors stand to help manufacturers in Pennsylvania reduce downtime due to repairs while making operations more efficient. With the ability to better detect when machinery is in need of preventative maintenance this will help extend the life of the equipment allowing for older machinery to continue to be effective later on in the machinery’s life cycle.
At the same time, the IoT will help metalworking machinery manufacturers to deliver a more quality product by implementing the data gathered by this technology. The result will be an increase in product quality, as well as customer service for consumers in this sector.
Along with the IoT, liquid additives or metalworking fluids (MWF) are changing in the metalworking manufacturing sector. Metalworking fluids include straight oils, soluble oils, semi-synthetic fluids, and synthetic fluids.
These fluids are applied through-out the manufacturing process in order to help ensure and meet quality of work, to reduce the wear on tools used in the process and to help improve the overall manufacturing process by cooling and lubricating the tools.
As innovation continues and new additives and new solutions are created, this will only help preserve the life of metalworking tools used in the manufacturing process. By extending the life of tools this is another way manufacturers can look to increase profitability while also increase the value of their used metalworking equipment.
While the concept of the supply chain is clear and an easy concept for most business professionals the reverse supply chain still manages to challenge many individuals. The reverse supply chain is defined by cognizant as “the process of planning, implementing and controlling the efficient and effective inbound flow and storage of secondary goods and related information for the purpose of recovering value or proper disposal.”
An easier way to understand reserve supply chain is with the reuse and recycle concept. Reverse supply chain involves taking your used metalworking equipment and putting it back into the supply chain rather than removing the asset from the loop. This means selling your previously used metalworking equipment on a secondary market, allowing other manufacturers or hobbyists to purchase the equipment for re-use or reconditioning.
Buying and selling used machinery keeps that extra metal from going to landfills or recycling yards. This reduces the amount of waste that is produced. This also allows you the ability to turn an no longer used asset into capital.
Brand new machines often require workers to long hours of use in order to find the right proverbial groove. Combine this with constant calibration until you achieve the right level of operation and you will spend a lot of time with new machines before, they are ready for production. By purchasing used, industry-grade machines, you save time and expense in other ways, as well.
Each piece of metalworking equipment that is in your inventory is a financial asset for your business. If left untouched, this asset will rust, as will the equipment. You turn this asset into capital by working with a reverse supply chain strategy. Along with spending less when purchasing used machinery, this strategy also lets you save money when disposing of these assets.
In addition, by selling your used equipment, you regain a portion of the initial investment. This money can be put toward new equipment as needed for your operations. Consider the amount of equipment that you already have sitting in an inventory unused. These pieces of machinery are company assets that can be reinvested for your business.
When it comes to selling metalworking equipment in Pennsylvania, there are many options, however not all options are equal when looking to maximize your return. These options include hiring an auctioneer, self-sale, and online auctions.
While self-sale and hiring an onsite auctioneer have their own benefits the best option is looking for an online auction platform such as Aucto. These online auction platforms allow you to auction off your used metalworking equipment on your terms to buyers of your choosing.
When selecting an online auction platform however be aware that not all platforms are the same, for example when selling equipment on Aucto there are no sellers fees for selling the equipment. Aucto at the same time will help market your equipment to help maximize your return.
While there are many factors as to why other businesses in Pennsylvania are selling their used metalworking equipment, the benefits remain clear. From recovering additional capital to extending the life cycle of the equipment. Corporations looking to take advantage of selling used metalworking need to look to an online auction platform with proven and reliable buyers and an exceptional track record in the industry such as Aucto.
Have a question about buying used industrial equipment or selling used industrial equipment online? Give Aucto a call at 1 (844) 326-7339 or email at sellers@aucto.com, and our team of experienced online auctioneers and customer support team will be more than happy to answer them.
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