Anyone who has ever been in charge of a budget knows that being able to stretch his or her capital-spending budget is key to a successful, profitable year.  Different companies come up with different solutions; some are successful others aren’t so fortunate. Some companies in the packaging and processing world have found a simple concept, and many are jumping on the bandwagon. Frain Industries has implemented an appealing solution to help stretch several leading food and pharmaceutical manufacturing companies’ packaging budgets by redeploying existing idle assets. 

Many manufacturing companies have large amounts of inventory that are not being used because of lack of knowledge about the machinery and what machinery they actually own.  Frain Industries provides expertise about each piece of equipment and helps redeploy the existing machinery into production, saving companies millions of dollars.  If not all of the equipment is put into production initially; Frain Industries will store the remaining machinery in a warehouse and provide easy access to information about the pieces.  This saves companies time and money when planning on introducing a new product into the market. 

Recently Frain has moved to a 1,000,000 sq ft building to be able to accommodate more projects similar to this.  The new building located in Franklin Park and just minutes from O’Hare Airport allows Frain Industries’ entire inventory of over 5,700 machines in stock and ready to ship available under one roof.  It also allows for the expansion of inventory, both Frain equipment and equipment from manufacturing companies looking to save money through the redeployment project.  With market trends continuing to head in this direction many companies are deciding to make this a reality rather than just another lost idea. 

Anyone who has been in charge of a budget knows that being able to stretch their capital-spending budget is key to a successful, profitable year.  Some companies in packaging and processing have refined a simple concept, and many are jumping on the bandwagon. Frain Industries has implemented an appealing solution to help stretch several leading food and pharmaceutical manufacturing companies’ packaging budgets by redeploying existing assets. 

Many manufacturing companies have large packaging machinery inventories that are not being used.  Frain Industries helps redeploy the existing machinery into production, saving companies millions of dollars by allowing manufacturers to reuse machinery for new project introductions.  If not all of the equipment is immediately put into production; Frain Industries will store the remaining machinery in a warehouse and provide easy access to information about the pieces.  This saves companies considerable time and money introducing a new product into the market. 

Recently, Frain has moved to a 1,000,000 sq ft building to be able to accommodate similar projects.  The new building, located in Franklin Park, is just minutes from O’Hare Airport.  It houses Frain Industries’ entire inventory 5,700 machines-all ready to ship. The expanded facility allows for the expansion of inventory, both Frain equipment and equipment from manufacturing companies looking to save money through the redeployment project. 

The Frain Group is the world leader in high quality used packaging and processing machinery with over 5,700 machines in stock and available for two day shipping.  Frain strives to continuously expand its inventory while providing outstanding customer service to consumers in the food, pharmaceutical, chemical and cosmetic industries.

Frain rents, sells or leases all types of packaging machinery and has the ability to set up any machine for the customers specific need, all with a two week right of return guarantee.

Manufacturers know that the management of their physical assets directly impacts their competitive edge and their bottom line costs.  Many packaging manufacturing companies have large inventories of machinery that represent a loss while idle and warehoused, and a potential for cost saving and profit when redeployed effectively. Equipment Asset Management is an answer to these inefficiencies and lost investment dollars.

Equipment Asset Management is a comprehensive strategy directed toward achieving the greatest effectiveness and profitability from production and manufacturing equipment assets. It is a strategy for optimum utilization, acquisition, installation, and operation of equipment. Correctly implemented, Asset Management links equipment availability and capacity to operating needs while speeding implementation and minimizing costs.

Equipment Asset Management not only provides a means to reduce costs but also method for lowering financial risk in launching new lines. It can provide also provide accurate reporting demonstrating Sarbanes Oxley compliance. Well implemented Asset Management allows a company take a exisiting liabilitiy of the cost of unused equipment and turn it into a profitable generator.

The Equipment Asset Management process must be accomplished from the top down. With this in mind, the needs of the company will drive the plan and determine the deployment and allocation of resources. A good asset management program will provide the following to meet operational and financial objectives:

Operational Objectives: For processing and packaging lines, managing your rotating and reciprocating equipment effectively provides the agility and capacity to meet production demands.

§  Speeds Time to Production:

o   Real time tracking and accurate reporting:

§  Provide complete and accurate information on equipment that is available and its location.

§  Provide a comprehensive information resource for manufacturing and engineering on the equipments’ current capabilities and requirements. This will include the engineering specifications necessary to make decisions on properly redeploying it such as capacities, speeds, condition, etc.

o   Accurate timelines and project planning

§  Direct project teams or asset recovery teams to available equipment resources.

§  Create accurate plans for the transfer of plant equipment and inventory to the correct site.

§  Determine what needs to be procured to complete the manufacturing line and source other equipment and components.

§  Information and specifications provided for Pnuematics, Water, Utilities, and Electricity for a smooth installation process.

These should be managed and maintained via a web-based, database interface to reflect in real time accurate inventory information.

Financial Objectives: For results that can be shown in the bottom line, Equipment Asset Management provides a means to reduce costs and method for lowering financial risk in launching new lines. It also provides accurate reporting demonstrating Sarbanes Oxley compliance. Well implemented Asset Management allows a company take a exissiting liabilitiy of the cost of unused equipment and turn it into a profitable generator.

§  Lowers capital expenses by utilize and redeploying current assets

§  Provides current and as accurate as possible evaluation of equipment asset worth and ensures Sarbanes - Oxley compliance.

o   Real time tracking and reporting of quality and value

o   Accurate, onsite evaluation of inventory documented

These competencies combined with a technological and experienced support team provides a total solution for clients seeking multiple opportunities to optimize the value of their asset recovery and inventory management capabilities.

Methods that go beyond compliance to drive value.

• Evaluate and Inventory your idle equipment
• Market and Promote your idle equipment to your plants on a proprietary web site
• Save millions of dollars by redeploying your idle equipment
• Trade unused, idle equipment for productive, profit generating machinery
• Sell your idle equipment for the highest prices available
• Sarbanes - Oxley compliance