As with any industrial purchase – especially when it comes to capital equipment there are several factors that have to be taken into account prior to finalizing that purchase. Possibly one of the guiding principles is that two factors need to be balanced extremely carefully – those two factors are price and quality.
There is always the temptation when purchasing a beam crane to go for that enticing low price deal. However, saving pennies (even large amounts of them) can turn out to be extremely counterproductive in the medium to long term.
There are certainly deals to be had – especially on the Internet and also given the fact that a large number of Asian companies are now aggressively targeting the American industrial and warehousing sectors.
However, not every manufacturer designs and makes cranes that are off the best quality. that is not to say that products coming from Asia are substandard – there are in fact some exceptional and very high quality products coming out of this part of the world.
Those interested in purchasing these products need to do their homework. If a deal sounds too good to be true – it might very well not be. Look for reviews by industry experts and independent reviewers. It is not always the best idea to rely on reviews that are found on company sites.
It is worth noting something. If you purchase a sub standard product it is almost inevitable that it is going to break down at some point. And given the importance of this vital piece of equipment each and every minute that it is out of commission will mean that the business is bleeding money. If it is out for a significant period of time that is something that is going to affect the competitive standing of the company.
There is also another consideration when making a large capital purchase such as this. It is not only the purchase price that needs to be carefully considered – it is also the availability of after sales service – and parts that may be required in the event of a mechanical failure. These considerations are as important as the purchase price.
It is also extremely important to take special note of the mechanical specifications of the crane. It is essential that it be designed to meet the individual requirements of the business. These pieces of equipment are tremendously expensive to upgrade – in fact that option may not even be available. Double check that the crane will be able to handle the weight and size of the goods that it is transporting. It is far more preferable to rather over invest in a machine that will be able to continue providing value even if your business has undergone a growth spurt. Buying a new unit because of inadequate planning is going to have an enormous impact on cash flow – and in certain circumstances financing the new equipment may present unique challenges if the financial institution has already provided finance for the first unit.
Planning and focus are essential in order to get the most out of your businesses investment in a beam crane.