Manufacturing professionals are all too familiar with factory storerooms holding huge quantities of spare parts to safeguard against lost production, potential stockouts and an inability to sell in the event of a breakdown. The industrial tech start-up, Machine Compare, has spent the last four years evaluating this underreported area of manufacturing and engineered a way to reverse the supply chain upon finding that millions of parts are being sent for scrap each year.
And the move is transforming industrial trade, globally.
About Machine Compare
Machine Compare was founded in 2014 by brothers Ben and Eric Findlay, with the vision of changing how the world trades industrial machinery and spare parts.
What started as an online platform for machinery sellers to list capital equipment has evolved to include an auction sales environment, on-site personalization, tailored experiences for buyers and sellers, chatbots, subscription-based payment terms and new marketing channels to increase traffic and conversion.
Buyers benefit from being given an accurate sense of the machines they’re viewing, with enhanced details including product photography, video, location search and extra communication features such as webinars to demonstrate equipment and reduce carbon emissions.
The platform features machines from a range of industries, including corrugated, packaging, paper and printing, plastics and everything in-between.
In March 2021, Machine Compare enhanced its portfolio with the launch of a first-of-its-kind e-commerce Marketplace for new, refurbished and unused surplus spare part stock.
Making the whole world your spare parts storeroom
The Amazon-esque e-commerce platform Machine Compare Marketplace allows manufacturers with unused inventory to list items for sale, and buyers in need of replacement or additional parts to search a growing database of over $20M worth of parts.
With B2B buyer expectations tipping in favor of digital-first experiences, and environmentally conscious professionals leading the way for industrial trade, the platform comes at the perfect time.
By adopting a circular business model, Machine Compare not only responds to consumer demands for digital experiences, but simultaneously reduces carbon footprints and lead times. It also allows buyers to access lower priced parts, whilst enabling sellers to generate new revenue streams by turning surplus stock into capital.
Additional benefits include:
Access hard-to-find parts
Contribute to the circular economy
Discover the best prices
Purchase from industry leading traders
Enjoy fast fulfilment
Generate new revenue streams
Reduce carbon footprint
Stop spare parts ending up in landfill
Reach millions of verified buyers
Take stress out of inventory management
More than 30 multi-national manufacturers have already partnered with Machine Compare to sell their surplus inventory, showing a clear appetite for change. BHS, DS Smith, Stora Enso, Smurfit Kappa, Nestlé, JBS, Chicago Electric, AB InBev and UCIC are among the growing list of manufacturers listing their surplus inventory, taking the number of individual brands, including spare part manufacturers and sector specific OEMs on the website, to over 350.
Become part of this global community and join the movement in changing how industry trades, globally.
To learn more about Machine Compare, please visit marketplace.machinecompare.com or call +44 (0) 1615135907.