Surplus Record Machinery & Equipment Directory is the leading independent business directory of surplus, new, and used machine tools, machinery, and industrial equipment in the United States. It was founded in 1924 by Thomas P. Scanlan.
The monthly directory, hundreds of pages long, has been referred to as "the bible of the used and surplus capital equipment industry". Postings were included online in the 1980s and online auctions started in 1999. A year later, in April 2000, FreeMarkets Inc. (Nasdaq: FMKT), a leading B2B eMarketplace, announced that it completed the acquisition of iMark.com Inc. including assets of Surplus Record Inc., as well as SR Auction Inc. The acquisitions were integrated with FreeMarkets' existing asset business to form the FreeMarkets AssetExchange, a leading B2B eMarketplace for buying and selling new and used assets.
The Record's listings have included more than 60,000 industrial assets such as metalworking and fabricating machine tools, chemical and process equipment, cranes, air compressors, pumps, motors, circuit breakers, generators, transformers, turbines. More than 1,000 businesses list with the online Surplus Record.
Some of the important advantages of machines are;
They produce more work with little energy and also within a limited time. The workers are more dedicated to their work when they make use of machines. The workers encounter lesser fatigue and tiredness, which increase their efficiency and dedication because only little joules of their energies are lost when working.
Improvement in the Quality and Quantity of Products:
Machines ensure high and large production rate. More goods are more produced in larger quantity and better quality. The goods can take any form, shape and brand when machines are used compared to the use of manual labour. There is no more scarcity of goods as they are now much more available in large and diverse quantities.
Reduction in Cost of Production and Profit Making:
Goods and services are now produced in low costs and sold to customers in affordable prices. There is a cut in the payment of labour prices because the use of machines has replaced manual labour. Less cost is used to produced goods and this also increases the profit of the producers. Loss is being reduced drastically and profit is being made by the owners of production.
Division and Mobility of Labour:
The use of machineries ensures division of labour. Workers have stipulated and specific roles of which they do with the use of machines. Small work is allocated to each worker to enhance speed, accuracy and efficiency.
Accuracy, reliable, availability and fast:
Work done is much easier for workers and production is faster when machines are used. When the machines are in good conditions, they are much more available and there is a great reliability that there will be production for the day. There is less disappointment with the use of machines. There is also accuracy in the work done by the machineries.
The use of machines has opened the opportunities of people to be employed. Industries with machines employ workers who will operate these machines. Although men are more employed than women in industries that make use of high technologies and machines, but women and youths are also employed. There are skilled, semi-skilled and unskilled forms of labour in industrial sectors because people irrespective of their qualifications and skills are also employed to operate machines inasmuch as they are trained.
Increase in technical know-how
Since workers are trained on how to use their machines, there is a great improvement their technical know-how. A worker that was employed as unskilled becomes skilled. Also, monotony and continuous use of machines by the workers improve their intelligence and creativity as they now have vast knowledge on the use of machines.
High Standard of Living:
Machines have made possible for man to enjoy certain things, live better life, live in good and well conducive environments, eat good foods, work less and improve their standard of living. Examples of such are the radio, television, air conditioners, blenders, refrigerators, cars for easy transportation, and mobile phones for communication purposes among others. Domestic works and house chores are now made easy with made easy with the advent of machines.