Equipment Appraisal Blog | Understanding Machinery Appraisals

Do We Really “Get What We Pay For”?

Posted by Equipment Appraisal Services on Mon, Feb 21, 2022 @ 07:00 AM

Machinery and Equipment Quality Services Products

Image source: Aqua Mechanical on Flickr license

I have heard and used this phrase many times over the years when people are discussing the topic of quality vs. price in both everyday life and business. It is a commonplace belief that the more you pay for something, the better the product or service will be. While there are always exceptions to this axiom, where services are concerned, the fact is that higher quality costs more since it requires experience, integrity, and expertise.

I have personally learned this to be true from my experiences working with sub-contractors, landscapers, tree care companies, accountants, attorneys, even my personal and pet groomers. From a consumer product perspective, it is more of a challenge to compare price vs. quality, given the broader competitive marketplace. There are many reliable, less expensive options out there, however, you should still consider paying a bit more to get the best quality for your hard-earned cash.

The bottom line is twofold:

Make the decision ahead of time that you want the best there is to offer and; research potential candidates to fully flesh out who can deliver as promised.

As machinery & equipment appraisers with decades of experience and the best accreditation the industry provides, we know the cost to engage with us will not be the least expensive option when you are in need of valuation services. We lose out on some opportunities every day because our cost structure will never compete on price with less experienced appraisers who lack the credentials and ability to provide a quality service and product which, ultimately, will be deemed unreliable to both you and any third parties involved in the transaction.

In all markets and industries, both personal and business, these high-to-low-end service options are available to everyone.

In the valuation industry, the “get what you pay for” difference revolves around working with a machinery & equipment appraisal firm that is extremely responsive from beginning to end, and becomes a partner who best understands your goals in the overarching problem being solved. From the scope of work discussion to engagement, to report delivery and consulting, these products and services are of unparalleled quality when compared with any other option out there.

Once you have determined this type of relationship is the one you want to be involved with, please reach out and let us know what we can do for you.

Tags: equipment appraisers, machinery appraisal, accredited appraisers, high quality, experienced

The Semiconductor Chip Supply Crisis and Our Reliance on Technology

Posted by Equipment Appraisal Services on Mon, Feb 07, 2022 @ 09:00 AM

Machinery and Equipment Appraisals Semiconductor Shortage

Image source: Daniel Juřena license

Stories such as The Terminator and Matrix movie franchises depict the dystopian future where artificial intelligence literally takes over the world. This future possibility may be a bit overblown, however, it does make you think about our current reliance on technology for so many products and services we utilize every day.

The current chip shortage issues we face are significantly impacting the automotive, gaming, and server farm industries, to name a few, and while this is primarily due to human error, it brings to mind the fact that, without this technology, we are affected economically and fundamentally, with our inability to live our lives as usual, without immediate access to these modern conveniences.

In the valuation world, when I go into the field on an appraisal assignment and walk the factory floor with plant supervisors working with all kinds of machinery every day, I hear stories pertaining to this topic. Some relate to the loss in revenue given their inability to deliver the same volume of parts they’ve manufactured, which will be included in products that require semiconductor chips. Their customers have delayed production due to this crisis and the trickledown effect reaches these fabricating shops as well.

Other comments I hear are that older machinery built without CNC computerized controls are still operable today after decades of use, while their newer equipment, with all the “bells and whistles” constantly breaks down due to the technology-driven components. While this argument has merit on certain levels, the truth is that CNC machines are much more precise, and producing the quality parts they manufacture today would not be possible without them. Regardless, this old-school mentality with veteran machinists is common, and there is something to be said for a 1950’s Bridgeport mill that still works like a charm and has held its value far longer than any computer ever will.

Getting back to current reality, though, technology has been and continues to be the driving force of the future, and while the semiconductor supply chain crisis may be a relatively short-term blip, it certainly has caught the attention of the entire population given its universal effects.

So before you say “I’ll be back” for the 100th time in your life, remember to try and direct that thought to the semiconductor industry manufacturers, who need all the help they can to bring back some kind of normalcy to our worldwide marketplace.

Tags: Machinery & Equipment Appraisals, technology, semiconductor manufacturing, impact