News: Remanufacturing is cost-effective option for power distribution equipment
The CRR recently collaborated with Slaters Electricals Ltd, a remanufacturer of transformers and switchgear, to create a whitepaper showing how remanufacturing is cost-effective for power distribution equipment.
Wednesday, 8th July 2015
Remanufacturing and the Circular Economy
Remanufacturing is an important component of the circular economy. According to the Ellen MacArthur Foundation, a circular economy is one which “…aims to keep products, components and materials at their highest utility and value at all times”. In a circular economy, a product is maintained at its maximum value by retaining as much of its embedded material, labour, energy and capital as possible throughout its life.
Remanufacturing works best - commercially and technically - when the product to be remanufactured has a high embedded value, is not subject to rapid change (e.g. in technology or legislation), and is designed to be dismantled.
Remanufacturing and Slaters Electricals
Slaters Electricals has been involved in the electrical engineering industry since 1946, and remanufacturing has been at the centre of the business since it started. Remanufacturing helps Slaters offer its customers a range of business models to fulfil their temporary requirements, urgent needs, permanent upgrades and long-run business growth.
Slaters Electricals offers new equipment for sale, but also remanufactures to order and to stock. This means that, depending on their needs and budgets, customers can hire or buy new or remanufactured equipment. Availability, price and product lead time are priorities to the customer; incorporating remanufacturing into its mix of business models means that Slaters can meet its customers' needs and still optimise its own day-to-day operations and remain profitable.
By moving away from the traditional 'linear' supply chain model and embracing the wide range of opportunities that the 'circular' economy has to offer, Slaters Electricals has brought sustainability benefits to its own business, to its customers and to the environment.
The whitepaper is available to read online by clicking here, or follow the External link to Slaters Electricals' website.
The European Remanufacturing Council (CER) is open for business
The European Commission has asked for a coordinated voice from EU-28 remanufacturing businesses. The Conseil Européen de Remanufacture will represent small and large businesses from all remanufactured product sectors. Register your interest now!