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Liquidity

$3 Million in Cost Savings from Facility Closures

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Industry

Industrial Manufacturing

Challenge

An industrial products manufacturer needed to close three plants in Ohio and Tennessee in 3 weeks

Results

Liquidity Services helped our client optimize redeployment through a proven process

$3M
cost savings
$650k
recovered
162
lots redeployed

The Challenge

An industrial products manufacturer needed to close three plants in Ohio and Tennessee. It had just three weeks to find new homes for the assets in these facilities. Before redeploying these items internally, the company had several hurdles to overcome.
 

The Solution

Before redeploying these items internally, the company had several hurdles to overcome:

  1. How to quickly identify assets with redeployment potential?
  2. How to manage the complex redeployment process across multiple sites?
  3. What to do with assets that can’t be redeployed?

We cataloged the assets and uploaded them to our AssetZone® asset management software for ease of redeployment or sale.

We quickly trained appropriate employees to facilitate redeployment through AssetZone.

We maximized redeployment opportunities by marketing available assets to over 1,000 AssetZone users within the organization.

Assets that weren’t redeployed were sold through online auctions.

The Results

The effective, repeatable redeployment process we developed for the client will allow it to maximize cost savings for future events.Screenshot 2025-01-31 at 12.35.50 PM

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