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OVERVIEW OF Megown Test & Measurement Inc.
Megown Test & Measurement, Inc. is one of the country's largest providers of
reconditioned test and measurement equipment, serving companies across a number
of industries including electronics, aerospace, communications and higher education.
Whereas most used test and measurement equipment providers are resellers, carrying
minimal in-house inventory and sourcing and marking up items as they are requested,
we maintain our own product inventory and sell or lease directly to customers,
enabling us to deliver superior quality reconditioned products at the lowest cost
and in the shortest timeframe.
Extensive Inventory
As a direct equipment provider, we are committed to maintaining one of the most
extensive and varied inventories in the industry. Today, our company warehouses
more than 40,000 items from over 250 manufacturers, including Agilent, Anritsu,
Fluke and Tektronix. We buy used equipment regularly to augment our inventory
and we recently completed construction of a 30,000-square foot facility designed
to accommodate further product inventory expansion.
No Middleman Fees
Our customers pay no reseller or "middleman" mark-up fees that
typically average 20 percent of product purchase price. We sell directly to
customers so we can offer product at significantly lower price points than our
competitors. In fact, many resellers meet their customer's needs by buying product
from us, and selling it at a higher price and a slower turn around than if the
customer had come to us directly.
Faster Product Delivery
By leveraging a direct sales model, we can also maintain faster product delivery
cycles. Whereas resellers must source, purchase, receive and mark-up product
before repackaging and shipping out to customers (which can take anywhere from
two to three weeks) we can provide a door-to-door delivery of 2-3 days for in-stock
items.
Proprietary Reconditioning Process
We have developed a sophisticated and industry-leading
product inspection, testing and calibration process that ensures a consistently
high level of product quality. By doing all product reconditioning on site in
its state-of-the-art calibration laboratory, we can control product readiness,
and maintain its commitment to fast product delivery while guaranteeing that our
products meet original manufacturer specifications.
Product Acquisition Strategy
We maintain an aggressive product acquisition strategy to support our customer
direct sales model. The company spends a great deal of time and capital on speculative
product purchasing. In fact, more than 90 percent of the test and measurement
equipment products we purchase from the market are not in response to a customer's
request. Instead, they are products for which we anticipate short-term future
customer demand.
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