Is Your Company Spending Too Much Money On Business Machinery?

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Many companies are reliant on machinery whether it’s PCs or construction equipment. This machinery can be expensive to buy and run. Fortunately, there are ways to cut costs. Here are just several ways to spend less on business machinery.

Hit the sales

Manufacturers of B2B machinery offer discounts throughout the year. The January sales and Black Friday are two popular times for grabbing deals, however you may be able to find sales at other times too. A great way to keep an eye out for deals is to join up manufacturer and business supplier mailing lists.

Opt for second-hand machinery

It’s also possible to save money by opting for used machinery rather than brand new machinery. Whilst you do have to be careful about the condition, you’re certain to find many machines that are only gently used for a discounted price. Sites like Gumtree are great places to look for used machinery – businesses that have recently closed may go here to sell their equipment. You may also be able to find suppliers that specialise in used business machinery such construction machinery or manufacturing machinery. Be careful of buying online without seeing the machine in person – whist most sellers will offer photos, these photos may not always reveal the whole truth. If you can’t visit the seller first because they’re based too far away, make sure to do some research into their reputation – positive reviews from other buyers are a good sign that you can trust a seller.

Weigh up the cost of delivery/assembly

Large machinery will cost extra to deliver and assemble. It’s possible you may be able to pick the machine up yourself and assemble it to save costs, but this could be an extra hassle for some people – letting the company deliver and assemble it can ensure that it’s all done safely and correctly. Decide whether you’re up for the challenge or whether you’d rather leave this job in the hands of professionals.

Know when to hire and when to buy

For machinery that you may only use once or twice, there’s usually no point buying this machinery outright. Instead, you’re often better off hiring this equipment using a company such as this vacuum excavation company. Hire companies tend to guarantee good quality equipment and the company may even give you the option to hire professionals to operate it rather than having to train your staff up in how to use it.

Keep your machinery serviced

Servicing your machinery can be useful for spotting faults early – by doing this, you can usually get them repaired before the damage gets too bad, making repairs less costly. Certain machinery may require hiring a trained inspector to service it, whilst other machinery may be possible to service yourself. Some modern machines now use sensors to scan for faults automatically and can provide real time analytic data. Such technology could be something to look for when choosing an industrial machine to buy, although these machines do tend to come with a more expensive price tag. Basic maintenance such as keeping machinery oiled up and cleaned can often prevent damage and hence prevent costly repairs.

Consider the energy consumption

It’s worth also considering the energy costs of each machine – you don’t want to buy a cheap machine only for it to cost you huge amounts in energy bills. Modern machines tend to be a lot more economical than older machines, which can be an advantage of buying brand new vs used. Certain machinery that is also used for domestic purposes such as PCs and printers may come with an Energy Star rating, which can be a useful way to determine whether a machine will save you money. Make sure that you’re turning off your machines when you’re not using them and unplugging them – many machines can use up a lot of power when in standby mode.

Take out the right insurance

Business machinery can often be a target for thieves – whilst upping your security can prevent burglaries, you may also want to insure your machinery. Insurance could also help to cover damage as the result of a fire or vandalism. Some business property insurance schemes will include cover for your contents, which could include any machinery. Other insurers may not cover expensive machinery and you may have to take out a separate business machinery or contents insurance scheme. Manufacturers may also provide warranties against damage – look out for free warranties and avoid extended warranties as these can often be rip-off schemes.

 

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