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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 ]
A replacement automobile engine is an engine or a major part of one that is sold individually without any other parts required to make a functional car (for example a drivetrain). These engines are produced either as aftermarket parts or as reproductions of an engine that has gone out of production.
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.
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.
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Bluefield Retread Company in Bluefield, West Virginia. Retread (also known as recap or remold) is a re-manufacturing process for tires that replace the tread on worn tires. [1] [2] Retreading is applied to casings of spent tires that have been inspected and repaired. [3]
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SRC was established in 1983 when 13 employees of International Harvester purchased a part of that company that rebuilt truck engines, [3] with $100,000 of their own money and $8.9 million in loans, with the goal of saving 119 jobs. [4] By 1988, SRC's debt to equity ratio was down to 1.8 to 1, and the business had a value of $43 million.
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