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Rebuilt parts undergo an extensive re-manufacturing and testing process and must meet the same industry specifications for performance as new parts." In the UK, a market potential of up to 5.6 billion GBP has been identified in remanufacturing, with the benefits said to be improvement to business margins, revenues and security of supply. [ 4 ]
In electronics, refurbishment is the practice of restoring and testing a pre-owned electronic device so that it can be re-sold. Refurbished electronics are therefore pre-owned electronic devices (usually smartphones, tablets, or laptops), that have been tested by a reseller to confirm that they are fully working.
A spare part, spare, service part, repair part, or replacement part, is an interchangeable part that is kept in an inventory and used for the repair or refurbishment of defective equipment/units. Spare parts are an important feature of logistics engineering and supply chain management , often comprising dedicated spare parts management systems.
FTC guidelines Title 16, Chapter I, Subchapter B, Part 20 provides guidance and regulations on the labeling of items that have been “rebuilt”, “refurbished”, or “re-manufactured” in order to prevent unfair competitive advantage in selling components in the automobile industry. This guideline hence allowed businesses the ability to ...
The automotive aftermarket is the secondary parts market of the automotive industry, concerned with the manufacturing, remanufacturing, distribution, retailing, and installation of all vehicle parts, chemicals, equipment, and accessories, after the sale of the automobile by the original equipment manufacturer (OEM) to the consumer.
The increased costs are attributed in part to both expected colder temperatures in the Northeast and Midwest states. ... "It's colder, and the cost of electricity is up as the grid is rebuilt. So ...
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