Remanufacturing uses sound engineering and manufacturing processes to turn old machines into machines equivalent to new ones. They offer remanufactured engines with the same performance specs, warranty, and expected lifetimes as new machines but at a lower cost. Plus, the process reduces waste, manufacturing energy consumption, and raw materials.
This article appeared in two parts on Thomas Insights.
- Part 1 was published on August 11, 2020, and titled Why Remanufacturing Is the Underappreciated Answer to OEM Customer Value Creation [Part 1]
- Part 2 was published on August 12, 2020, and titled 7 Examples of Companies that Increase Revenue, Customer Value with Remanufacturing [Part 2]
You can see that manufacturers of all products, from telephones to forging equipment, are in the remanufacturing business. And I have not even mentioned retread tires or remanufactured consumer goods! So, if you are not currently remanufacturing your products, you should do some homework and consider if this is a way to create additional customer value.
[Note: To read more about Customer Value Creation, read Creating Lasting Shareholder Value By Creating Customer Value.]
About Middlesex Consulting
Middlesex Consulting is an experienced team of professionals with the primary goal of helping capital equipment companies create more value for their clients and stakeholders. Middlesex Consulting continues to provide superior solutions to meet the needs of its clients by focusing on our strengths in Services, Manufacturing, Customer Experience, and Engineering. If you want to learn more about how we can help your organization create more value for your customers, please get in touch with us or check out some of our articles and white papers here.
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