What is Investment Recovery?
Investment Recovery, also called asset recovery or resource recovery, is the process of maximizing the value of unused or end of life assets through effective reuse or divestment. Investment Recovery, as a process, is becoming more and more relevant every day. There are a growing number of factors pushing the concept of Investment Recovery to the forefront, Pressure to Maximize Profitability, Corporate Responsibility and the Global Marketplace
Pressure to Maximize Profitability
Programs for Process Optimization, Operational Efficiency, Six Sigma, Lean Manufacturing, etc, etc, have squeezed nearly every ounce of cost savings from Business Processes, however,Investment Recovery has been one of the areas least recognized for reducing costs since the funds used for the acquisition of these products has already been expended, they are, in a sense, “free” to the organization.
Corporate Responsibility
Environmental awareness and corporate social responsibility are more important today than ever. Investment Recovery enables the “greening” of an organization by ensuring the effective, managed, sustainable disposal of end of life assets.
The Global Marketplace
Buying and selling over the internet is no longer limited to Ebay but is now a standard way of doing business for B2B and B2C transactions. Idle Assets and Surplus equipment can now be efficiently and effectively bought and sold from any corner of the globe