I was fortunate enough to be invited by Paul Kern at Argus Connection http://www.argusx.com/ to take a tour of their warehouse facility earlier this week, which gave me some great insight on how asset recovery and disposition is handled by a well run company. Argus provides desktop/equipment deployment services to a number of markets, but also offers asset recovering, hard drive cleansing, and part disposition services. I was struck by the value that they are able to create for their customer base and themselves, by providing timely deployment of equipment while extracting revenue from discarded equipment and associated parts.
We had good conversations about the importance of data when understanding the market value of scrap, individual parts, and hard drive cleansing. To me, it reinforced the importance of what GlobalNow is providing on with our reverse logistics software, as well as our field techs. Our portals must have the ability to:
- Track the status of parts and derivative components at a very granular level
- Quickly add new fields as needed to capture evolving information (without programming)
- Customize workflow – since it can vary at the customer and contract levels
- Capture both price and cost associated with the components – allowing proper pricing for resell and disposition
- Provide real time data analysis – understanding performance of components across the reverse logistics supply chain
- Extend tracking for all stakeholders into all facets of the business – ensuring high levels of communication
Thankfully, our software seems to meet the above requirements.
With the tour by friends at Argus, I can see firsthand the need for the right types of systems and processes. Thanks again Argus, and I look forward to learning more about the intricacies of reverse logistics (including returns and spare parts management) so we can better serve our own customers.
Bob
