Who is SRC Electrical?
We are an Employee-Owned company whose philosophy has always been to redefine the art of remanufacturing. Although remanufacturing is our specialty, we also provide high quality new starters, alternators, generators, hydraulic rotary actuators and a range of electronics. We customize each of our programs to fit specific customer needs.
Recognition as a World Class Remanufacturer of Rotating Electrical and Electronics.
SRC Electrical is committed to consistently provide value to our customers and continually improve the quality of life for all employees.
OUR QUALITY POLICY:
The Employee-Owners of SRC Electrical are committed to producing the highest quality product for its customers. Each employee is personally responsible for continuous improvement by reducing, eliminating and preventing defects.
The SRC Electrical Business Model strategy
Develop partnerships with Original Equipment Manufacturers (OEM's) or their suppliers
Distribute primarily through the OEM’s existing market channels
We believe this strategy promotes an open line of communication between us and our OEM partners
Work together to develop a comprehensive rotating electrical or electronic remanufacturing program that supports your customers’ demands
There are numerous benefits from working with a “start-to-finish” remanufacturing provider. Highlighted below are a few of these benefits:
Obsolescence/Legacy Support: The typical life span for rotating electrical and electronics is four (4) to seven (7) years. However, the expected life span of the equipment they support is twenty-five (25) to thirty (30) years. While supporting the consumer demand for these components is critical to ensuring "on-going" customer satisfaction the burden on the OEM’s operation is often cost prohibitive to produce such low and sporadic volumes. Supporting the demand for these components through a third party remanufacturer allows the OEM to continue to meet the demand for these items without consuming internal resources.
Opportunity Costs: By utilizing SRC Electrical for your ongoing support of obsolete/legacy components or low volume new production the OEM is able to focus internal resources on new product support with higher volume demands.
Warranty Analysis: SRC Electrical is able to perform warranty analysis for your current production components. This service allows us to provide critical feedback regarding common failures, make product improvement recommendations and create a failure analysis database to support a future remanufacturing program.
Ongoing Product Improvements: By identifying the specific cause of failure for each unit, SRC Electrical is able to determine the most common modes of failure for each product line. This information is then shared with the OEM and product improvement recommendations are made that can be applied to current and future products.
Environmental Considerations: The collection of used components (Core), keeps these items out of our landfills supporting a "green" friendly environment. Financially, this initiative saves OEM's money through the avoidance of expensive disposal fees as well as procurement costs which are up to 50% less than new production units.
In 2015 alone, it is estimated that SRC Electrical diverted more than 53 tons of electronics waste from landfills.
Additional Financial Benefits
- Adds longevity to the OEM's revenue stream with its’ customers
- Provides margin returns that are as good or better than new
- Allows the OEM to offer a lower cost option for service parts
- Provides the OEM with a lower cost option for warranty claims
- Returns components to the OEM specifications and is backed by a warranty that meets or exceeds the new warranty
How to decide if Reman is right for you?
1. Can the component be sold from 65%-75% of new cost?
2. Can enough cores be collected to support 12-18 months of demand?
3. Is the component technically viable to be remanufactured?
4. Do you own or have access to the parts and intellectual properties required to remanufacture?
5. Can remanufactured parts be used to support warranty claims?
Although this list of benefits and considerations is not all inclusive, it provides a solid foundation for what to expect from a strategic remanufacturing program and whether a reman program is right for your organization. At the end of the day, developing a program has to make solid economic sense for all parties concerned. We are happy to have those Open Book discussions with you to determine if remanufacturing is right for your organization.