{"id":12325,"date":"2012-06-27T16:13:28","date_gmt":"2012-06-27T20:13:28","guid":{"rendered":"https:\/\/www.certitrek.com\/nebb\/skipping-a-cmea-can-cost-you\/"},"modified":"2022-12-27T08:01:43","modified_gmt":"2022-12-27T13:01:43","slug":"skipping-a-cmea-can-cost-you","status":"publish","type":"post","link":"https:\/\/www.certitrek.com\/nebbinstitute\/blog\/skipping-a-cmea-can-cost-you\/","title":{"rendered":"Skipping a CMEA Can Cost You"},"content":{"rendered":"<div class=\"fusion-fullwidth fullwidth-box fusion-builder-row-1 fusion-flex-container nonhundred-percent-fullwidth non-hundred-percent-height-scrolling\" style=\"--awb-border-radius-top-left:0px;--awb-border-radius-top-right:0px;--awb-border-radius-bottom-right:0px;--awb-border-radius-bottom-left:0px;\" ><div class=\"fusion-builder-row fusion-row fusion-flex-align-items-flex-start\" style=\"max-width:1144px;margin-left: calc(-4% \/ 2 );margin-right: calc(-4% \/ 2 );\"><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-0 fusion_builder_column_1_1 1_1 fusion-flex-column\" style=\"--awb-bg-size:cover;--awb-width-large:100%;--awb-margin-top-large:0px;--awb-spacing-right-large:1.92%;--awb-margin-bottom-large:0px;--awb-spacing-left-large:1.92%;--awb-width-medium:100%;--awb-spacing-right-medium:1.92%;--awb-spacing-left-medium:1.92%;--awb-width-small:100%;--awb-spacing-right-small:1.92%;--awb-spacing-left-small:1.92%;\"><div class=\"fusion-column-wrapper fusion-flex-justify-content-flex-start fusion-content-layout-column\"><div class=\"fusion-text fusion-text-1\"><p>A story this week out of San Francisco proves how important a <a href=\"http:\/\/www.nebbinstitute.org\/\">Certified Machinery and Equipment Appraisal<\/a> can be.<\/p>\n<p>A company that manufactures auto parts for foreign imports had been struggling for some time before finally deciding to shutter their operations. They had a tremendous amount of inventory on hand and decided to sell it off to their competitors.<\/p>\n<p>Rather than bring in a <a href=\"http:\/\/www.nebbinstitute.org\/\">Certified Machinery and Equipment Appraiser<\/a>, the company researched the resale value of the equipment on, of all places, <a href=\"http:\/\/www.ebay.com\/\">eBay<\/a>, and assigned their own values to match. They sold off almost all of the equipment and shut down operations.<\/p>\n<p>The owner of the company wrote a blog about the experience and was contacted by a CMEA, who was curious about the inventory. When the former owner gave the CMEA all of the numbers and specifications of the inventory, he was devastated to find out he\u2019d undervalued the equipment by<em> tens of millions of dollars<\/em>. The buyers certainly got a steal on that deal!<\/p>\n<p>Always have a CMEA perform an equipment appraisal. A Certified Machinery and Equipment Appraisal is based on years of experience and methodical research, and is defensible, irrefutable, and substantiated.<\/p>\n<p><em>The <a href=\"http:\/\/www.nebbinstitute.org\/\">NEBB Institute<\/a> endorses and strives to observe the highest standards of professional ethics to preserve the public trust inherent in the professional appraisal practice. The Institute provides initial and monthly comprehensive education, ongoing support, and a dynamic international network, and certifies professionals in the art of machinery\/equipment appraisal and brokerage.<\/em><\/p>\n<p>By: <a href=\"http:\/\/www.nebbinstitute.org\/\">NEBB Institute<\/a><\/p>\n<\/div><\/div><\/div><\/div><\/div>\n","protected":false},"excerpt":{"rendered":"<p>A story this week out of San Francisco proves how important a Certified Machinery and Equipment Appraisal can be. A company that manufactures auto parts for foreign imports had been struggling for some time before finally deciding to shutter their operations. They had a tremendous amount of inventory on hand and decided to sell it [&#8230;]<\/p>\n","protected":false},"author":12,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[264,41,224,265,266],"class_list":["post-12325","post","type-post","status-publish","format-standard","hentry","category-uncategorized","tag-auto-parts","tag-cmea","tag-cost","tag-ebay","tag-inventory"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v19.4 (Yoast SEO v19.13) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Skipping a CMEA Can Cost You<\/title>\n<meta name=\"description\" content=\"Always have a CMEA perform an equipment appraisal. A Certified Machinery and Equipment Appraisal is based on years of experience and methodical research, and is defensible, irrefutable, and substantiated.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.certitrek.com\/nebbinstitute\/blog\/skipping-a-cmea-can-cost-you\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Skipping a CMEA Can Cost You\" \/>\n<meta property=\"og:description\" content=\"Always have a CMEA perform an equipment appraisal. A Certified Machinery and Equipment Appraisal is based on years of experience and methodical research, and is defensible, irrefutable, and substantiated.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.certitrek.com\/nebbinstitute\/blog\/skipping-a-cmea-can-cost-you\/\" \/>\n<meta property=\"og:site_name\" content=\"NEBB\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/NextLevelPurchasing\/\" \/>\n<meta property=\"article:published_time\" content=\"2012-06-27T20:13:28+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-27T13:01:43+00:00\" \/>\n<meta name=\"author\" content=\"Galo Matagay\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@nextlevelpurch\" \/>\n<meta name=\"twitter:site\" content=\"@nextlevelpurch\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Galo Matagay\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.certitrek.com\/nebbinstitute\/blog\/skipping-a-cmea-can-cost-you\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.certitrek.com\/nebbinstitute\/blog\/skipping-a-cmea-can-cost-you\/\"},\"author\":{\"name\":\"Galo Matagay\",\"@id\":\"https:\/\/www.certitrek.com\/nebbinstitute\/#\/schema\/person\/72d094fab77892483dfa6e061cb27eaa\"},\"headline\":\"Skipping a CMEA Can Cost You\",\"datePublished\":\"2012-06-27T20:13:28+00:00\",\"dateModified\":\"2022-12-27T13:01:43+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.certitrek.com\/nebbinstitute\/blog\/skipping-a-cmea-can-cost-you\/\"},\"wordCount\":428,\"publisher\":{\"@id\":\"https:\/\/www.certitrek.com\/nebbinstitute\/#organization\"},\"keywords\":[\"auto parts\",\"CMEA\",\"cost\",\"ebay\",\"inventory\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.certitrek.com\/nebbinstitute\/blog\/skipping-a-cmea-can-cost-you\/\",\"url\":\"https:\/\/www.certitrek.com\/nebbinstitute\/blog\/skipping-a-cmea-can-cost-you\/\",\"name\":\"Skipping a CMEA Can Cost You\",\"isPartOf\":{\"@id\":\"https:\/\/www.certitrek.com\/nebbinstitute\/#website\"},\"datePublished\":\"2012-06-27T20:13:28+00:00\",\"dateModified\":\"2022-12-27T13:01:43+00:00\",\"description\":\"Always have a CMEA perform an equipment appraisal. 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