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Machine Compare - The Machinery Trading Hub

Top Tips

MachineCompare.com is dedicated to the best practice of machinery sales and movement across the world. As part of this we want to help our users get a true understanding of the elements that make up the whole process of buying, selling, moving and installing machinery.

Please feel free to explore our directory of support services and top tips page to help you get a true understanding of all the elements that may make up part of your project…

When transporting machinery it is important to check the Internal container dimensions, so you, or your engineering team are able to plan ahead to the dismantling and loading process. They must specify type, size and number of containers required.

 

Shop around for the best price, shipping brokers have different geographical strengths and can vary considerably according to the shipping line used, port etc.

 

Make sure you have checked the Import regulations for parts of the world you are looking to ship too. Look for restrictions such as untreated wood, contraband age of equipment, origin etc.

 

Why not speak to some experts in this area in the MachineCompare.com directory, and also check out the MachineCompare.com library for more information and examples on best practice in this area.
Tip number one, select a shipping agent to arrange and manage this process.

 

Request for your containers to be shipped below deck (particularly if it is an open top container), if sea water penetrates the container and gets into the machine, the potential for damage increases substantially.

 

Try and ship in one consignment and try and avoided trans-shipment where possible. This will help keep the project within a time frame, a very important factor if you are working with letters of credit and other finance packages that have time constraints associated with them.

 

Check out the nearest suitable container port to get your best road transport and rail transport costs in advance.

 

Most importantly, make sure the machine is fully insured from the moment of commencing dismantling, to leaving the site, freight and inland insurance until arrival. Then of course, the correct insurance for the engineering team working to re-install the machine.

 

Final top tip in this area, don’t forget to confirm your port handling charges and duties in advance of the commencement of any project.

 

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Make sure you check for the specific expertise and experience your engineering team has in the particular field the machine is serving.

 

Don’t forget to request a copy of the team’s insurances and insurance certificate to make sure it is still valid and suitable for the job at hand. Check with the seller the minimum liability insurance required for onsite activities, check public liability insurance and building insurance requirement, which is normally around £5 million pounds but sometimes goes up to £10 million. Check to see if the insurance is suitable for all the tasks in the project.

 

The engineering team you work with are incredibly important in the process of dismantling and re-installing your machine. So look for best practice and testimonials from other customers.

 

Check to see if there is a suitable accumulation and manoeuver area for the dismantled machine before commissioning the process. Also, check that there are no restrictions to the movement of the machine inside and outside the building. The more you plan ahead, the less costs you will have to absorb when the project is executed.

 

Make a note to check what manuals, drawings and spare parts lists and other documents accompany the machine.

 

Find out what site management policy is regarding contractors before you commence any engineering or removal.

 

Finally, a very big top tip would be to use the same team of engineers who dismantled the machine, to re-install it.

 

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Don’t forget to make sure the machine is valued and insured to the correct level through every stage of the dismantling, movement, shipping and reinstallation.

 

Also, make sure your engineering team has the correct level of insurance before entering a plant.

 

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A top tip with regards to equipment hire would be to survey the machine, the sellers plant space and the final destination plant space with either a project manager and/or the engineering team who will be executing the dismantling and re-installation of a machine. Depending on the weight and shape of the machine, the lay out of the plant, and the operating space they will have access too, their equipment needs will change.

 

Make sure you leave plenty of time in advance of the project commencing, as depending on the time of year, some desired equipment may not be available.

 

Take account of the weather, it may be that the survey takes place on a sunny day, but the day work commences there may be a snow storm or rain. In which case it is best to have access to tarpaulin or other suitable equipment well in advance, so as not to delay the execution of the project.

 

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If you are looking to invest in a used machine, there may be some maintence work required, or even some element of refurbishment. Why not bring an engineer with you to assess the machine on inspection. They should be able to give you an overview of the likely upgrades or part replacements that may be required. This will help you get an idea of the true cost of your investment.

 

A top time saving tip would be to double check the parts requirements upon dismantling the machine and then place an order for the spare parts to arrive at the final destination before the machine. That way, the engineering team will be able to refurbish and replace parts during the installation.

 

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Our top tip with regards to Auctions, it to make sure you have fully inspected the machine before placing a bid. It is very important to know exactly what it is you are buying before you commit on placing the investment. Also, check what associated parts and manuals are with the machinery, and whether it complies to safety regulations.

 

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Our top tip when working with brokers and used machinery dealers is to help them maximise the value of your machine. You can do this by sending them top quality pictures and videos of the machine working on a good variety of work. Make sure the machine is clean and all of your paperwork is available for them to use to promote it properly in order to achieve the maximum value for your asset. The more you share with brokers, the more they will be able to help you release the true value of your asset.

 

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Purchasing a new machine opens up lots of opportunities to access finance. Generally, Banks and finance houses are more positively disposed to lending against new machinery as opposed to used. If this is your chosen rout, our top tip would be to speak to the manufacturers, their agents and the various finance companies to find a finance package that meets the time requirements of the build and delivery of the machine. Letters of credit often have time limits under their payment terms. It is important that, before you commit to a decision to go ahead with a new machinery purchase, you take the time of build, delivery and installation fully into account when assessing the funding of the project.

 

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An old machine well used, is better than a new one abused.

 

In order to preserve any equity, you have tied up in your existing machinery, it is important you have a strong maintenance policy in place. When you come to sell your machinery, you will be able to attain a larger portion of the equity you put into it in the first place, if the machine has been well looked after and makes a strong impression when demonstrated to potential buyers.

 

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If you are looking to rebuild or refit a machine, make sure your floor plans and any other associated paperwork is updated. Retain details of the team who conducted the work, and what exactly they did and when. This is all important information to have to hand when coming to sell the machine.

 

Make sure you keep some extra budget aside in case the rebuilding process uncovers more fundamental repairs that may need to take place. You may not need to use this budget, but having it at hand will allow you to be better prepared for the unexpected expense.

 

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Look everywhere. Investing in a new or used machine is often a pivotal capital investment for a company, so it is important to make sure you are mitigating your risks, and maximising your return on this investment. In order to do this, out top tip is to understand all the variables, such as time, international transport, loan interest etc, and look for the most appropriate finance method available. This can come from your Bank, finance house, private loan or any number of institutions.

 

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Trade shows can often be a melee of activity. They can either be highly effective for networking and research opportunities, or exhausting and ineffective depending on your approach to the day.

 

Our top tip is to Wear a hat! This might sound strange, but often you will be meeting people you have never met before. A lot of time can be wasted trying to find one another, especially if you do not know what the other person looks like. By wearing a stand out hat, or brightly coloured piece of clothing, you become easier to recognise, and also more memorable to the person you are meeting.

 

Our second tip in this area is to research the event before you visit and plan ahead. That is to say, pre book any meetings you wish to have in advance, set clear objectives for yourself in terms of research and visits. Base these objectives around your companies short, medium and long term goals. Do not be too rigid, however, make sure you leave plenty of time free for window shopping and networking.

 

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Trade bodies can often be an invaluable source of information and resources to a business. Engaging with trade bodies can help put you in touch with new customers, give you greater ideas of how to develop your company and also give you access to reduced cost resources that you might not otherwise have access too. Our top tip is to check out trade bodies websites in your field, and find out what they can do for you specifically and your business.

 

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Health and Safety regulations represent a great opportunity for any business. Our top tip in this is to take the initiative and become a company that exceeds the health and safety requirements in your given field. Not least, because legislation is constantly evolving in this area, being one or two steps ahead will make you a great place to work and do business with, but also, future proof your business from short and medium term upgrade requirements.

 

When investing in a new, or re-furbished machine, why not negotiated the highest safety standards in to the build of the machine as part of the agreement. It is much more cost effective to have safety technology built into a machine from its inception than it is to have them retrofitted some time later. Further, manufacturers generally like to be associated with best practice in this area, so they should be receptive to this particular request.

 

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Often a machine is only as good as the people operating it. To add to this, it is generally true to say that a machine does not exist independently of its environment. Ensuring the teams supporting the operation of the machine are trained to the highest levels possible for you will not only improve output and reduce breakdowns on your machine, but it will also improve the efficiency of your entire business.

 

Training covers a lot of areas, in-house engineering, operator training supplied by the manufacturer, health and safety, team working skills and beyond. A well trained work force is usually a well-motivated work force and you would be amazed at some of the potential that can be unlocked in your business by tapping into the human potential surrounding the machinery.

 

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Operational efficiency and best practice surrounding industrial machinery can give a company a significant competitive advantage. Further, a solid maintenance culture, and a good knowledge of the machines will help to reduce down time and improve production efficiency over time. Training is key in this area, as a well organised, well trained and well motived work force will take pride in the work they do and the machines they operate. This will help when you come to sell your machinery, as speaking to the operations team is critical to understanding the condition and potential of any machine a potential buyer is looking to invest in.

 

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To make the most of a visit to see a machine, especially abroad, our top tip would be to be super organised and plan ahead to get the most out of the trip and keep the costs down to a minimum.

 

Let they seller know exactly what you want to see so they have plenty of time to prepare. Make sure you let them know you will want to see all associated spare parts, manuals and paper work accompanying the machine, see the machine in operation, speak to the operators and other such objectives. We have compiled an example check list for your reference in our library.

 

Separate to this, make sure you have all the necessary travel documents, visa’s, inoculations, emergency contact telephone numbers and equipment with you. Bring a torch and a measuring tape for checking the dimensions yourself on the drawings, and take your own camera to document your observations.

 

By planning ahead, you should be able to get the best flight and accommodation prices.

 

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Our number one top tip in this area is check, check and check again the import and export requirements for machinery to and from your destinations. Make sure the materials you are using, such as treated wood on packing cases, meets all the required standards, or work through a broker or other experts in this area. If a machine is stopped in transit for not meeting these requirements, the cost of the project can escalate dramatically, so it is worth taking time before hand to check it meets all standards and is properly packed beforehand.

 

Also, make sure you have full and appropriate insurance for the full journey from one destination to another.

 

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Currency fluctuations can make a big difference to the total cost of a machinery investment. Our top tip here is to time both your investment in the machine, and also your investment into the services required to move and ship the machine, so as to take advantage of predicted currency fluctuations. Look out for planed big political or economic announcements, these tend to impact on currency values for a time.

 

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As well as looking at the mechanical requirements of your machine, make sure you find out about software support. Speak with the original manufacturer to find out more about this and see if there are support services in your area and find out how much they would cost.

 

Some machines have been upgraded in their lifetime, and you need to know exactly what form this took and whether support is still available.

 

Often, when installing machinery, the electrical engineer will need access to the software it carries. Some software needs the direct support of the original manufacturer to admit access, others do not. This is something that should be checked before a purchasing commitment is made.

 

Why not speak to some experts in this area in the MachineCompare.com directory, and also check out the MachineCompare.com library for more information, checklist samples and examples of best practice in this area.

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