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Asset recovery: new dynamics for purchasing organizations.
INTRODUCTION
For a long time, many organizations considered the surplus disposal function as a backwater and non-consequential area, worthy of minimal attention. It has been described[1] as often being an orphan or stepchild of the procurement process. However, due to current economics, organizations have sharpened their focus on not only material procurement, but also on the function responsible for the deployment of surplus assets. This function is known by several names, including asset recovery, investment recovery, or reverse logistics.
Some of the benefits and problems associated with the disposal of surplus assets have been discussed by various authors.' The key benefits of an aggressive asset recovery program include:
* Generating cash flows which directly affect profits
* Reclaiming floor or warehouse space with reduction in storage costs
* Improved Return on Investment (ROI) due to shrinking of the asset base
* Tax write off and the benefits of planned gift giving
- FreeMarkets Forms Strategic Alliance with Cowan Alexander Equipment Group;...
- Press release article from: Business Wire January 10, 2001 700+ words
...sellers of surplus assets and inventory. "Asset recovery is a complex...of selling surplus assets. In other...flexible asset recovery solution...approach to asset recovery, providing...successfully trade surplus assets and inventory...
- Selling your surplus assets.(SURPLUS GSE)
- Magazine article from: Ground Support Worldwide Feinberg, Steve Barthmaier, Paul June 1, 2006 700+ words
...returning a greater value for surplus assets. Managing the life cycle of...easy way of disposing of your surplus assets is to send them to the scrap...specialize in doing sales under Asset Recovery Programs with their clients...
- District of Columbia Selects Liquidity Services, Inc. to Manage Surplus Asset...
- Press release article from: Business Wire June 20, 2005 700+ words
...LSI, a provider of comprehensive asset recovery services for businesses and the public...flow from the sale of the District's surplus assets will be deposited directly back into...financial institutions to market and sell surplus assets and wholesale goods quickly and conveniently...
- SURPLEX SELECTED BY COVISINT FOR EUROPEAN ASSET RECOVERY SERVICES AUTOMOTIVE...
- Press release article from: PR Newswire April 11, 2001 700+ words
...to complete asset recovery solutions including...sale of their surplus assets," said Lars...functional asset recovery services via...prices for their surplus assets. Surplex also...expertise in asset recovery and European...
- Bid4Assets and Schottenstein To Sell Deja.com's Surplus Assets in Live Auction.
- Press release article from: PR Newswire February 14, 2001 700+ words
...Schottenstein owns and operates retail businesses with sales of more than $2 billion annually. For more than 25 years, the asset recovery professionals of SBCG have helped hundreds of clients convert under-performing inventories, receivables, fixtures and...
- Liquidity Services, Inc. Announces Appointment of Cayce Roy As President of its...
- Press release article from: Business Wire September 5, 2008 700+ words
...and President of its Asset Recovery Division. Mr. Roy...LSI's commercial asset recovery business to drive...the expansion of our Asset Recovery Division and online...to market and sell surplus assets and wholesale goods...
- EquipNet Direct Breaks E-Commerce Barrier; Company Is First True End-to-End...
- Press release article from: Business Wire October 11, 2000 700+ words
...the redeployment of their idle and surplus assets. EquipNet Direct's principal offering...identify and internally redeploy idle and surplus assets. Addressing the need for increased...most efficient method of disposing of surplus assets. EquipNet Direct employs personnel...
- Par panel wants policy on PSUs' sale of surplus assets.
- News wire article from: PTI - The Press Trust of India Ltd. March 13, 2006 700+ words
...panel wants policy on PSUs' sale of surplus assets New Delhi, Mar 13 (PTI) A Parliamentary...common policy for all PSUs to sell their surplus assets including land. Appreciating the restructuring...HMT the twin issues of disposal of surplus assets to generate funds for revival and ...
- Rand Water to sell surplus assets.
- News wire article from: Business Day (South Africa) September 5, 2008 700+ words
...Byline: Madden Cole Rand Water to sell surplus assets PARK Village Auctions has been appointed...Water to host its annual fleet and surplus assets sale. The sale takes place on site...Rand Water annually disposes of its surplus assets and the auction is a major event on...
- Bankrupt Vanguard Airlines Seeks Approval to Sell Surplus Assets.
- News wire article from: Kansas City Star (Kansas City, MO) September 20, 2002 700+ words
...million. Vanguard said the sale of the surplus assets would not affect plans by Hooters Air...According to court records, Vanguard has surplus assets with a depreciating book value of about...of the bankruptcy estate to sell the surplus assets as soon as possible to generate funds...
