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How IoT is Shaping the Industrial Equipment Market

December 21, 2020 by Engs Commercial Finance

How IoT is Shaping the Industrial Equipment Market

For decades we’ve seen incremental innovations and improvements to manufacturing and machining equipment creating higher precision, faster production, and increased reliability.  This is anticipated progress.  What wasn’t expected was the disruptor of Internet of Things (IoT) becoming a reality and promising a leap forward in manufacturing efficiency and cost-effective maintenance. What is Internet of Things? Internet of Things, […]

Filed Under: Blog, Industrial Tagged With: Equipment Finance Advisor, Industrial Equipment, Industrial Equipment Technology

How Technology Is Shaping The Logistics Industry

November 26, 2020 by Engs Commercial Finance

How Technology Is Shaping The Logistics Industry

We’ve examined the impact technology is having in the trucking industry in the past, though today we’re going to take a close look directly at it’s impact on the logistics firm, both in-house and in concert with 3rd-party carriers.  Keep in mind that many of these technologies will be applicable to the entire supply chain […]

Filed Under: Blog, Industrial Tagged With: Equipment Financing, Industrial Equipment, Industrial Equipment Technology

Lease vs. Buy; An Industrial Equipment Dilemma

July 9, 2020 by Engs Commercial Finance

Lease vs. Buy; An Industrial Equipment Dilemma

Technology and markets are continually evolving, dividing industrial companies into three broad categories: innovators, followers, and status-quo. What determines which camp a business falls into is largely decided by who is at the helm; are they a risk-taker or conservative with the company’s resources?  First we’ll distinguish leasing versus buying, then apply those differences to […]

Filed Under: Blog, Industrial Tagged With: Industrial Equipment, industrial equipment leases, industrial equipment loans, Industrial Equipment Technology

Put It Out To Pasture: When Replacement Makes More Sense Than Repairing Machinery

March 25, 2020 by Engs Commercial Finance

Put It Out To Pasture: When Replacement Makes More Sense Than Repairing Machinery

When you buy heavy industrial machinery you spend a lot of time researching your next purchase, sometimes hiring consultants to aid in your selection process. The hope is that you can use this machine or piece of equipment for decades to come, however, in most instances this isn’t feasible due to wear and tear/costly repairs […]

Filed Under: Blog, Industrial Tagged With: Fabrication Equipment, Industrial Equipment, Industrial Equipment Technology, Machine Tools

Is Your Business Ready For The Next Wave of Manufacturing Reshoring?

July 19, 2019 by Engs Commercial Finance

Is Your Business Ready For The Next Wave of Manufacturing Reshoring?

Over the past several years we’ve heard a great deal of rhetoric from politicians and business leaders alike regarding manufacturing jobs.  Main arguments surround cost and availability of resources—business leaders stating US manufacturing is too costly with rising labor rates as their leading concern, while politicians clamor for more blue-collar opportunities for their constituents.  Decades […]

Filed Under: Blog, Industrial Tagged With: Industrial Equipment Financing, Industrial Equipment Technology

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ENGS Recognized as a Top Workplace in Chicagoland!

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ENGS COMMERCIAL FINANCE CO. HONORED AS ONE OF CHICAGO’S TOP WORKPLACES

ENGS Commercial Finance Co., one of the largest independent ...

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How IoT is Shaping the Industrial Equipment Market

How IoT is Shaping the Industrial Equipment Market

For decades we've seen incremental innovations and ...

Read More →

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