Surplus Asset Management (SAM) is the profitable practice of redeploying equipment, assets, products, or commodities owned by a company that are not vital to its operations and no longer serve the business in the same way they did previously. Property (premises), outmoded assets, used equipment or devices, and working capital (inventory) are all examples of surplus assets. SAM helps owners get the most out of systems and products that are no longer valuable to them.

Circular Economics (CE) is a model of production and consumption of existing components, equipment, and materials by sharing, leasing, reusing, repairing, reconditioning, refurbishing, and recycling them.

REUZEit has designed the Circular Surplus Asset Management system by combining CE and SAM (CE-SAM) to create an entirely new business model, extending the life cycles of discarded but viable laboratory equipment in a closed-loop supply chain that creates value and reduces environmental impact by redistributing discarded but still useful products and equipment.

Most new business models promote servitization, which refers mainly to industries using their products to sell “outcome as a service” rather than a one-off sale. An example of servitization would be Netflix or Spotify, delivering media as a service rather than customers buying the CDs and DVDs that produce those outcomes.

In an industrial economy that cannot rely on servitization to improve their environmental impact, Life Cycle Management is restorative or regenerative by design. Although both economic (value) and environmental (reuse) are included in the definition, CE-SAM is an alternative yet still profitable business model that also focuses on the reduction of environmental impact by limiting CO2 emissions and increases social impact by enabling access to technology and products at a lower cost, thus creating multiple values. REUZEit focuses on how businesses can contribute to sustainable development goals in a profitable way by introducing CE-SAM.

Levels of Circularity

Businesses need natural resources to produce goods and services. By natural resources, we mean materials, water, and energy. From the point-of-origin to the point of consumption, raw materials feed supply chains. Energy and water are indispensable to produce goods and services. For example, the water footprint of a ham and cheese sandwich is about 50 liters throughout the supply chain. Research shows that many natural resources are becoming scarce, e.g., rare earth minerals used as components in high technology devices. The consequences of resource scarcity include volatile and rising commodity prices and supply chain disruptions. Therefore, the resource consumption of supply chains must be reduced. This also results in a positive impact on climate change caused by greenhouse gas emissions caused by supply chains, and a reduction of discarded electronics and marine litter polluting our planet.

REUZEit offers services to life science, laboratory, and pharmaceutical companies to optimize the life of their resources, assets, and equipment to reduce obsolescence and waste, and increase profit at the same time. We are building the world’s largest circular economic platform to extend the useful life of capital assets and enable organizations to reach their sustainability goals and profitability. The company captures value by re-marketing products via distributors and its own platform, providing a financially sustainable program operating with positive cash returns and substantial cost avoidances which plays a critical role in achieving carbon footprint reductions for businesses. REUZEit offers pickups, reconditioning, refurbishing, and remarketing via distributors and it’s own platform at [reuzeit.com].  We provide physical, administrative, financial, IT, and trading services, which translates to a one-stop-shop for acquiring or trading used equipment geared toward product acquisition, reprocessing, and remarketing. By employing CE-SAM, the asset owner gains the capability to choose the best possible strategy to maximize useful life of the equipment within the organization, or they may choose to maximize capital recovery, all the while achieving sustainability goals for GHG reduction and organic productivity.

Imagine if you multiply this effort across the globe, the impacts from utilizing the circular economy aspects of a REUZE mindset can save the world.

For more information or to Join this REUZE Revolution, please visit us at  www.REUZEit.com


Garbage Out, Repurposing In

The carbon footprint of life sciences and biotech industries can be reduced by up to 80% by redeploying the equipment depending on its residual value and the customer needs. A waste plan is critical to sustaining this positive initiative. For the global life sciences market, savings on carbon fees as well as direct benefits to the customer can be as much as $2 billion annually. Circular Surplus Asset Management (CE-SAM) can be a business game-changer if it is integrated as part of an organization’s strategy. It is this premise that makes REUZEit a key contributor to long-term sustainability.

Circular-Economy

 

The Circular Economy

The REUZEit End-of-Life Asset Solutions platform establishes best practices for using, repurposing, and disposing of biotech and pharmaceutical equipment to control costs, reduce risk, and improve efficiency. Reclaiming medical equipment has an important role in lowering medical costs and reducing the carbon footprint of healthcare. Using recovered medical equipment generates less solid waste and helps to reduce pollution caused by the extraction and processing of raw materials. Also, when products are recycled, less energy is used for manufacturing, and fewer pollutants are emitted. This is the power of Reclaim, Reuse, Repurpose when done correctly. It’s what we call the “Lifecycle Extension.”

 

Good for Business, Good for Sustainability, Good for the Earth

When businesses reuse and redistribute equipment, they get the most out of their investment, maximizing productivity while also maximizing our planet’s precious resources. We provide the online solution and marketplace for businesses to search and redeploy their excess assets. Every time we REUZEit, we replace the need to strip, build, and buy new while also slowing the rate of manufacturing waste and pollution to manageable levels. That’s good for business, good for sustainable growth, and good for the earth.

There is an estimated 40% of medical equipment in developing countries that is no longer in use due to a lack of parts or service. Breakdowns can occur at any stage in a complex system of medical equipment recycling, resulting in a mismatch between aims and usability. The lack of adequate medical devices and the impact on health outcomes in low-income countries especially are becoming more

apparent as countries assess their health systems’ capabilities in response to a global pandemic. A supply chain that assures access to high-quality, safe, and dependable medical equipment is important to sustaining these health systems. Every time we REUZEit, we replace the need to strip, build, and buy new while also slowing the rate of manufacturing waste and pollution to manageable levels. That’s good for business, good for sustainable growth, and good for the earth. Together, with our global clients, REUZEit provides a physically executed active platform connecting big industry players together to redistribute equipment, recovering capital from surplus equipment, extending the useful lifespan of our equipment and our natural resources. As we build the future Circular Economy, we can reduce barriers of entry to support redistribution models and innovation in the developing world, reduce waste of valuable-but-toxic materials, and we’ll establish an economy that makes full use of the things we build.

 

Stephen Rudy/Courtesy of Gradian Health

Keeping a piece of equipment in use, either by redeploying within the company or selling in the used market, reduces greenhouse gas emissions by 23.1 times compared to recycling.

The GHG emissions reduction from reusing just one metric ton of equipment is the equivalent of:

  • Powering almost 32 households for one year
  • Removing over 57 passenger cars from the road for 1 year
  • Planting 4,361 tree seedlings and growing for 10 years

 

The coronavirus pandemic impacted not only healthcare around the world, but there are now an estimated 500,000 young people aged 16-24 who are out of work. Instead of propping up declining, polluting industries, we can benefit our planet and our future generations by investing in more green jobs. Young adults are often being taught, and given career advice on, jobs that likely will not exist a decade from now. Instead, we could be training them to succeed in a sustainable, circular economy while at the same time ensuring the future health of our planet. Keeping medical devices in circulation for as long as they are viable will relieve the massive amounts of medical waste produced daily and drive a circular economy. Someday, future generations will look back to now and say, “This is when industries began redistribution. This is when we finally changed our wasteful habits for a real solution; a circular economy to sustain our planet.”

 

Artist Mariano Chavez makes art from old medical equipment.“Last Life” equipment cannot be rehabilitated and is headed to the landfill despite our best efforts, unless someone rescues it. Up-cyclers, movie props, museums, artists…find one piece to take home, and you’ve made an impact!

Of the most recognized End-of-Life options for e-waste, recycling generates the least amount of greenhouse gases that fuel climate change and expand companies’ carbon footprint. Up to 566 times lower emissions compared to placing that equipment in a landfill!

 

 

 

What about individuals? What can we do to pitch in and help save the Earth? There are plenty of things you can do every day to help reduce your carbon footprint to make a less harmful impact on the environment. By purchasing reusable and recycled materials, consumers can help close the recycling circle, and encourage our neighbors to do the same.

For more information or to Join this REUZE Revolution, please visit us at  www.REUZEit.com


As we’ve known for years now, our wasteful economy is both a direct and indirect driver of increased climate change over recent years. The heaps of food we waste every day, greenhouse gas emissions produced by inorganic materials manufacturing, and affinity for landfills are all contributors. 

On the inorganic side, REUZEit’s circular economy mission actively compensates for the emissions produced during equipment manufacturing by reconditioning those units for extended life cycles. Learn more about how our wasteful economy has brought us to this age of climate change, as well as how our mission plays into the reduction of inorganic waste effects.

Organic Waste’s Direct Effects

For the most part, organic waste is the major culprit regarding the influence of mass waste on increased climate change. Organic waste is any biodegradable material derived from a plant or animal, such as food and garden trimmings, and makes up approximately 30% of U.S. waste as of the past few years. The environmental harms of organic waste stem from decomposition in landfills or dumpsites, which releases carbon dioxide and methane gas into the atmosphere. 

While methane is produced in the absence of air, carbon dioxide is the result of air-exposed rotting. Both are greenhouse gasses and contributory to global warming and climate change, though REUZEit’s circular economy mission is geared more towards inorganic, man-made waste in the form of used lab equipment. 

Inorganic Waste’s Indirect Effects

Inorganic waste only directly produces greenhouse gasses when it’s incinerated. Though the manufacturing process used to produce this inorganic waste does contribute to climate change, since all manufactured goods use natural resources during production, resulting in the emission of greenhouse gasses. Through this lens, inorganic waste is found to have already produced a large amount of greenhouse gas emissions prior to ending up in a landfill. 

Although the effects are “indirect,” they’re still quite significant due to the resource-heavy nature of manufacturing. Over the years, inorganic material such as e-waste has become a growing issue – with around 50 million tons of it thrown out on an annual basis, as referenced in a previous blog. Much of this waste is medical or from research laboratories, with U.S. hospitals producing nearly six million tons of medical waste per year. This is why we at REUZEit are reconditioning used lab assets to get the most out of their life cycle, so that the environmental harms produced by manufacturing are compensated by extended years of use. 

Visible Results of Our Wasteful Economy

Putting our circular economy mission aside, the way we waste organic and inorganic materials has produced visible outcomes. From increased sea levels due to warming climates and changing weather patterns, many of us around the world have felt the effects of our own wasteful tendencies. There are many other gradual effects of climate change that have resulted from our wasteful economy. Though the increased greenhouse gas emissions at the hands of both organic waste and inorganic manufacturing have become primary drivers for rising temperatures and sea levels worldwide.

Join REUZEit In Supporting the Circular Economy

Let’s face it, investing in laboratory equipment for your scientific research is a necessary cost. Luckily, we’re committed to providing you with options that you can fit into your budget. Money saved on one product can be used to finance another resource that is just as important to your progress. Whether you’re searching for innovative chemistry lab equipment or looking to replace broken lab equipment, REUZEit offers low-cost solutions that work as hard as you do. Browse the best surplus and gently used biotech and pharmaceutical equipment on the market! Check out our USA-based store or our European-based store to shop discount laboratory equipment.


In mid-January 2022, global materials company Eastman announced plans to invest up to $1 billion in a state-of-the-art molecular recycling facility. In cooperation with French President Emmannuel Macron, Eastman will be building out their new facility in France. It’s a massive effort to support the broader circular economy just as we do here at REUZEit, with Eastman forecasting an annual recycling rate of 160,000 metric tons of plastic waste. Much of their capabilities are credited to polyester renewal technology, which has proven to be far more efficient than traditional incineration methods for hard-to-recycle plastics. 

REUZEit has been aware of European plastic waste and climate crisis concerns for years now, which is why we have lab equipment warehouses in the Netherlands and the UK. 

Eastman’s Facility Design & Launch Date

The massive project includes technology that will prepare mixed plastic waste for processing, as well as methanolysis capabilities for waste depolymerization. Furthermore, the facility will flaunt polymer lines to offer a variety of quality materials for specialty, packaging, and textile efforts. Eastman has additional plans to build an “innovation center” to develop alternative recycling methods that are more sustainable than plastic incineration. The company’s CEO Mark Costa predicts 2025 to be the year it’s in full operation, at which point they’ll have created 350 job opportunities and 1,500 indirect jobs in recycling, infrastructure, and energy sectors.

Technology for Potentially Infinite Material Value

The secret to Eastman’s new facility is its polyester renewal technology, a much cleaner alternative to incinerating hard-to-recycle plastics. This technology is able to break these plastics down to their molecular building blocks, and then reassemble them without sacrificing materials quality. Most impressively, the use of polyester renewal methods has the potential to bring infinite material value by keeping them in production – a clear example of the circular economy at play. 

Establishing France’s Circular Economy

While Eastman certainly invested $1 billion to improve our rates of recycling, there’s a much larger game at play. The company deeply believes in the circular economy as the key to quelling global plastic waste issues and the resulting environmental impacts. By reducing carbon emissions and using molecular recycling to drive a new circular economy, France could become a shining example of the first genuine circular economy and encourage other countries to follow suit. 

In the long run, we at REUZEit plan to contribute to the circular economy on an increasingly global scale by maintaining and likely expanding our European presence as opportunities arise. 

Join REUZEit In Supporting the Circular Economy

Let’s face it, investing in laboratory equipment for your scientific research is a necessary cost. Luckily, we’re committed to providing you with options that you can fit into your budget. Money saved on one product can be used to finance another resource that is just as important to your progress. Whether you’re searching for innovative chemistry lab equipment or looking to replace broken lab equipment, REUZEit offers low-cost solutions that work as hard as you do. Browse the best surplus and gently used biotech and pharmaceutical equipment on the market! Check out our USA-based store or our European-based store to shop discount laboratory equipment.


At REUZEit, our entire mission is centered around cultivating a circular economy. Our manufacturing partners provide us with their surplus assets, which are then reconditioned by our equipment specialists before being redeployed to a customer or project. Visit the REUZEit website to find out how we’ve contributed to a circular economy by diverting over 4.6 million pounds of used lab equipment from landfills. 

Defined: A Circular Economy

The best way to describe a circular economy is through a comparison with our current linear economy, in which products are created with raw natural materials before eventually being thrown away. On the other hand, a circular economy is geared towards proactively eliminating waste at the source. This means that instead of ending up in a landfill, non-biodegradable waste is reused, remanufactured, and only recycled at the very end of its life cycle, while biodegradable waste is eliminated through composting. In other words, manufactured products and machinery are reconditioned and redeployed for continued use until repairs are no longer feasible, after which the unit is recycled. 

Oftentimes, a circular economy is confused with the process of recycling. Although it’s easy to mix up the two, their approaches to waste reduction are vastly different. 

Traditional Recycling vs. A Circular Economy

The distinction between traditional recycling and a circular economy is akin to a Band-Aid versus surgery. While a circular economy addresses the issues of waste and pollution at the source, recycling is employed after items have already been wasted. Additionally, recycling is focused on the end of a product’s lifecycle, while a circular economy aims to extend an asset’s life cycle for further use. A circular economy takes a different approach by looking at the beginning stages, so that waste and pollution can be prevented in the design phase before production even begins. 

Basic Principles of a Circular Economy

At the foundation of a circular economy is an intent to “design out waste,” since it’s actually rooted in the idea that waste is nonexistent. Biodegradable “waste” is composted and therefore reused naturally, and nonbiodegradable items are reconditioned for extended use until recycling is necessary. As a whole, a circular economy demands durable products with readily available upgrades so that they stand the test of both time and innovation. Given time, the destruction left by our current linear economy could prompt a transition to a circular one, marking the true beginning of recycling’s future. 

Browse REUZEit’s Extensive Catalogue of Used Lab Equipment

Let’s face it, investing in laboratory equipment for your scientific research is a necessary cost. Luckily, we’re committed to providing you with options that you can fit into your budget. Money saved on one product can be used to finance another resource that is just as important to your progress. Whether you’re searching for innovative chemistry lab equipment or looking to replace broken lab equipment, REUZEit offers low-cost solutions that work as hard as you do. Browse the best surplus and gently used biotech and pharmaceutical equipment on the market! Check out our USA-based store or our European-based store to shop discount laboratory equipment.


At REUZEit, we work with a number of manufacturers and partners to bring our circular economy mission to fruition. We cater to equipment users, work with used equipment specialists, and receive our inventory from invaluable KeyStone Users. Today, we’ll be discussing what it means to be a KeyStone User at REUZEit

Being a KeyStone User at REUZEit

While REUZEit works with a range of small and large manufacturers, KeyStone User services are reserved for our largest clients. These are organizations that donate their used lab and equipment to REUZEit’s circular economy, serving to reuse working machines rather than disposing of them. By supplying us with high-quality, excess equipment from their hundreds of locations across the U.S., UK, and mainland Europe, we at REUZEit have been able to keep over 4.5 million pounds of scientific gear out of landfills that harm our environment. 

KeyStone Users and the REUZEit Platform

As a KeyStone User at REUZEit, members can use our platform in a number of ways. Equipment pickups can be coordinated or executed with ease, equipment can be easily found through our Search feature, financial reports can be generated, and specific item requests are available for further convenience. Additionally, thanks to the generosity of REUZEit’s new equipment manufacturing partners, unused scientific gear is also available for purchase as a KeyStone User. 

Your Perks as a KeyStone User at REUZEit

Members can even leverage our Capital Recovery Program, which hosts the details of your equipment, including the asset and serial number, images, dimensions, service history, net sales, and cost detail. The REUZEit platform also keeps environmentalism in mind, offering KeyStone Users the option of generating reports about their environmental impact. This includes metrics such as the total weight and volume of your landfill avoidance, precious metal recovery, and other environmental impact data as they relate to your REUZEit purchases. Visit our website to learn more about the role of KeyStone Users at REUZEit.

REUZEit: The All-in-One Solution for Used and Surplus Lab and Scientific Equipment

Render your lab and equipment purchases environmentally conscious by joining the circular economy and becoming a preferred KeyStone User. We’re committed to providing you with options that you can fit into your budget. Money saved on one product can be used to finance another resource that is just as important to your progress. Whether you’re searching for innovative chemistry lab equipment or looking to replace broken lab equipment, REUZEit offers low-cost solutions that work as hard as you do. Browse the best surplus and gently used biotech and pharmaceutical equipment on the market! Check out our USA-based store or our European-based store to shop discount laboratory equipment.


Unfortunately, the world we know today fails to keep sustainability in mind. Most people don’t even bat an eye when it comes to throwing things away, further contributing to landfill waste. Everything from our electronics to our toothbrushes are made with an expiration date. Once these possessions reach their shelf life, we are eager to dump them and buy the latest version. 

All of this garbage then goes on to waste away in some landfill, out of sight and out of mind. This system we’ve become so accustomed to has started to take a toll on the planet we call home, something that most people fail to realize. However, many environmental experts and foundations are working diligently towards a sustainable future.

What is a Circular Economy?

A circular economy is an economical structure that reduces the amount of waste we create and increases the use of renewable energy and recyclable resources. It involves sharing, leasing, reusing, repairing, refurbishing and recycling existing materials and products for as long as possible. Ultimately, the life cycle of products is extended and waste is reduced. 

With a circular design in place, we would see our planet’s natural ecosystems regenerate and thrive, a reduction in overflowing landfills, and an overall life extension on products. The future would look much brighter and greener for generations to come.

Ways to Support a Circular Economy 

#1 Building Smarter

In order to evolve into a more sustainable society, design companies must begin building products with the planet’s well-being in mind. This means using materials that are biodegradable or recyclable. 

#2 Building Longevity 

We need to alter our business models to focus on building products that are designed to last longer and to be refurbished and resold at the end of their initial shelf lives. Producers and manufacturers could receive their own used or damaged goods and reuse the materials for new products.

#3 Renewable Energy Resources

It is crucial that we transition away from our current means of obtaining fuel and the detrimental effect it has on our planet. Applying the structure of a circular economy would bring with it the transition to solar energy, or other sustainable energy methods. 

#4 Introducing a New Industry

In changing the way we do things, we will see the rise of a new industry. Implementing this new way of doing things not only creates a more sustainable industry but also opens up the opportunity for more jobs. Environment-focused careers geared towards the operations of a circular economy will bloom.

#5 Choosing Sustainability

So how can you do your part to reach this goal of a circular economy? Be conscious about which brands you support. Pay attention to what recycling efforts are in place, the impact on the environment, and the lasting effects on the planet. 

REUZEit: The All-in-One Solution for Used and Surplus Lab and Medical Equipment

Let’s face it, investing in laboratory equipment for your scientific research is a necessary cost. Luckily, we’re committed to providing you with options that you can fit into your budget. Money saved on one product can be used to finance another resource that is just as important to your progress. Whether you’re searching for innovative chemistry lab equipment or looking to replace broken lab equipment, REUZEit offers low-cost solutions that work as hard as you do. Browse the best surplus and gently used biotech and pharmaceutical equipment on the market! Check out our USA-based store or our European-based store to shop discount laboratory equipment.


As technology advances, e-waste is becoming the most rapidly growing waste problem in the world. We generate about 50 million tons of it every year. This is equivalent to throwing out 1000 laptops every single second. Needless to say, that’s a lot of trash! At REUZEit we feel a social responsibility to do our part in reducing landfill waste and spreading awareness of the effects of e-waste on our environment.

What is E-Waste?

Electronic waste, also known as e-waste, is a term used to describe a piece of electronic equipment that is near or at the end of its useful life. When a cold storage freezer, mass spectrometer, computer, or centrifuge no longer has use to a facility, it is considered e-waste. The item may be obsolete, needs repair, or is just long longer needed.

Where Does E-Waste go?

Electronics like this often get thrown away rather than recycled. The recycling process for e-waste can be cumbersome and complicated.  For this reason, many of these items end up in landfills, causing harm to Earth and its inhabitants. The improper disposal of e-waste leads to contamination of water and soil. These toxins that get absorbed by our environment are known to negatively impact health through damage to the brain, kidney, liver, heart, and skeletal system. 

How Do We Reduce the Negative Effects of e-Waste?

The best way to reduce the negative effects of e-waste is to recycle, repair, or reuse. Consider giving your e-waste to an R2 certified e-waste recycler like ERI for R2 certified recycling, or selling/donating your electronic items in order to prolong their life and delay their trip to a potential landfill. There are many services available that specialize in the repair of used lab equipment. 

REUZEit: The All-in-One Solution for Used and Surplus Lab Equipment

Investing in laboratory equipment for your scientific research is a necessary cost, and we’re committed to providing you with options that you can fit into your budget. At REUZEit, our products are highly reliable and can often be purchased with a 30-day warranty. We also offer financing options on our used lab equipment. Money saved on one product can be used to finance another resource that is just as important to your progress. Whether you’re searching for innovative chemistry lab equipment or looking to replace broken lab equipment, REUZEit offers low-cost solutions that work as hard as you do. Browse the best surplus and gently used biotech and pharmaceutical equipment on the market! Check out our USA-based store or our European-based store to shop discount laboratory equipment.


We might not realize it, but the lab can produce a lot of waste that could have otherwise been avoided by taking a couple of extra steps or precautionary measures. At REUZEit, we have a Landfill Last mantra and do our due diligence to reduce waste by reselling used lab equipment that would otherwise have ended up as trash. Today we’re going to be talking about what else you can do to reduce waste in the lab and reduce waste that goes into our landfills.

 

Take inventory of Your Waste

Taking inventory of your waste can be an eye-opening experience. According to a waste management audit at the University of Washington, lab gloves can account for around 23% of the total lab waste that needs to be disposed of. However, many of the gloves that are used and thrown away are not contaminated and could easily be recycled. Take note of the items that are thrown away on a daily basis that could be disposed of in a more sustainable way. 

 

REUZE Waste

After taking inventory of your waste, you can determine if this waste can be REUZEd. Are there boxes laying around that could be repurposed for packing and shipping? Is there equipment that is no longer being used that could be donated? Can you hold on to freezer packs for shipping temperature-sensitive items? REUZE-ing waste is all part of prolonging the life cycle of an item and contributing to a circular economy.

 

Recycle Waste

Having recycling bins in a lab is the easiest way to encourage recycling waste products. Place them outside the lab with recycling posters that guide lab personnel on best practices. Items in the lab that can be recycled include uncontaminated materials such as gloves, packaging, glass, and plastics. You can also use resources like Kimberly Clark, Terracycle, and Medline which offer glove recycling programs. Corning also offers flexible package recycling programs. 

 

Reduce Waste

Reduce waste in the lab by only ordering and using exactly what you need. Talk to your colleagues to figure out what is the best way to go about reducing waste in the lab. Perhaps consolidating packaging by having shipments arrive later once they’re able to fill cargo more efficiently. To help you identify products that will cut down on waste, check out the My Green Lab ACT label database

 

Decontaminate Waste

Many plastics cannot be recycled unless they’ve been decontaminated. Having a process for decontamination can help more items get recycled. This process can be lengthy, costly, or time-consuming. For this reason, it’s important to do some research on exactly what is needed to maintain this operation.

 

REUZEit: The All-in-One Solution for Used and Surplus Lab Equipment

Investing in laboratory equipment for your scientific research is a necessary cost, and we’re committed to providing you with options that you can fit into your budget. Money saved on one product can be used to finance another resource that is just as important to your progress. Whether you’re searching for innovative chemistry lab equipment or looking to replace broken lab equipment, REUZEit offers low-cost solutions that work as hard as you do. Browse the best surplus and gently used biotech and pharmaceutical equipment on the market! Check out our USA-based store or our European-based store to shop discount laboratory equipment.

 


Hello again, it’s Ryan Andrews. I am REUZEit’s Chief Innovation Officer and have been an integral part of the company’s overall development. Over the past 10+ years, my vision of creating a circular economy through Surplus Asset Management as a service has propelled the company to what it is today. In this blog I’ll be sharing the resolution of the first part of this true story on lab equipment redeployment for the South San Francisco Project. We continue…

 

REUZEit Fills in the Gaps

After explaining REUZEit’s triage process to Rick, we all agree to compare the gap list to what is in the inventory. We were able to match some exact and similar items. When we couldn’t find an asset within their inventory of lab equipment, we looked in REUZEit’s marketplace pool. This pool consists of other surplus assets from other clients of REUZEit. Everyone was happy to find out they had an automatic discount for just being part of our network! 

Doing this exercise is one of my favorite things to do while in a live meeting. It’s a fun way to show our customers the opportunity for savings and the importance of establishing a “REUZE” mindset. 

 

How Surplus and Used Lab Equipment Save Time and Money

Each project is unique and has its challenges. Procurement of necessary assets to get up and running comes with the main challenges of availability and lead time. Over the years, besides the monetary savings, we have saved months of production and research time by looking into our REUZEit Marketplace and identifying opportunities to REUZE qualified surplus assets. 

At the end of this project in South San Francisco, between all services offered (we do offer project management, move/lab transfer, and closure services as well), we were able to provide our customer with over $200,000 in cost savings from services and $1,200,000 in redeployment cost avoidance, through the REUZE of their own lab equipment

As typical with any move/transfer/closure, there are assets that clients do not wish to transfer. Our team works diligently and expertly to disposition these assets; our goal is to minimize costs and maximize capital recovery. 

At the end of the day, this project in South San Francisco was able to get a capital recovery of over $700,000 from surplus assets that they did not need at the new site. That is nearly two million dollars in total contribution to this site and its project—all by utilizing the project services and technology available here at REUZEit. 

 

Adopt a REUZE Mentality

This story is from our early days of our Surplus Asset Management (SAM) program. Since then, that client has deployed our full suite of services internationally. We perform similar projects all year long, all over the world for them. Today, with our upgraded technology, all of our clients participate fully in this circular economy of surplus assets, providing millions in savings, avoidances, and capital recovery. 

It is vital for all companies in all industries to pick up a REUZE mentality. REUZE is essential for sustainability, not just in the pocketbook but also for the environment. Every time you REUZE a surplus asset, you are saving that item from hitting the landfill. You are also diminishing the new manufacturing and raw material demand that would be present in a REBUY mentality. 

It is our mission to get the world to start thinking and living REUZE first. Think about how having this mindset will apply to your everyday life, your own workplace, or business. 

Imagine multiplying this effort across the globe. The impacts from utilizing the circular economy aspects of a REUZE mindset can literally help save the world. 

 

How REUZEit Can Help

Whether you’re searching for innovative chemistry lab equipment or looking to replace broken lab equipment, REUZEit offers low-cost solutions that work as hard as you do. Browse the best surplus and gently used biotech and pharmaceutical equipment on the market! Check out our USA-based store or our European Store to shop discount laboratory equipment.