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Industrial Machinery and Equipment Merchant Wholesalers, SOP Manual

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This article discusses “Industrial Machinery and Equipment Merchant Wholesalers and its Sop Manual”. This US industry comprises establishments which are primarily engaged in the merchant wholesale distribution of specialized machinery, equipment and related parts generally used in manufacturing, oil well, and warehousing activities. The total revenue and annual payroll are $235,168,932,000 and $26,592,770,000 respectively in 2017. The average revenue and profitable are $1.1 million and 77.4% respectively in 2018.

Industry Process:

Industrial Machinery and Equipment Merchant Wholesalers industry process starts with purchasing of products from manufacturing industries and involved in sale to retailer or end use customer. These equipment are purchased based on the current demand for the product in market. Due to bulk purchasing activities the wholesalers receives the good from manufacturers at low retail price, and in major case the wholesaler determines the products price to retailers or end use consumers, Advertisement and promotion activities are performed through various streams in order to catalogue the products to retailers and then comparing with retailers and manufacturers, the risk of business and sales process in low for wholesaler. Finally, the purchased goods are allowed for arranging & sorting process and then, they are distributed for sales to retailers or end to consumer.

The North American Industry Classification System (NAICS) has grouped services and activities associated with Industrial Machinery and Equipment Merchant Wholesalers under the NAICS industry code 423830. The following list shows some activities that are associated with industry 423830,

  • Actuators, fluid power, merchant wholesalers.
  • Air compressors (except air-conditioning, refrigeration) merchant wholesalers.
  • Bakery machinery and equipment merchant wholesalers.
  • Balancing machines (except automotive) merchant wholesalers.
  • Beverage bottling machinery merchant wholesalers.
  • Beverage processing machinery merchant wholesalers.
  • Blanks, tips, and inserts merchant wholesalers.
  • Blowers, industrial merchant wholesalers.
  • Broaches (i.e., a machine tool accessory) merchant wholesalers.
  • Burners, industrial merchant wholesalers.
  • Cement-making machinery merchant wholesalers.
  • Chainsaws merchant wholesalers.
  • Chemical industries machinery and equipment merchant wholesalers.
  • Coil winding machines, spring, merchant wholesalers.
  • Commercial fishing equipment and supplies (except boats, ships) merchant wholesalers.
  • Compactors, trash, industrial merchant wholesalers.
  • Compressors (except air-conditioning, refrigeration) merchant wholesalers.
  • Condensing units (except air-conditioning refrigeration) merchant wholesalers.
  • Conveying equipment (except farm) merchant wholesalers.
  • Cranes, industrial merchant wholesalers.
  • Crushing, pulverizing, and screening machinery, industrial merchant wholesalers.
  • Cryogenic cooling devices merchant wholesalers.
  • Dies, metalworking, merchant wholesalers.

Some of the international association of Industrial Machinery and Equipment Merchant Wholesalers:

  • Indian Machine Tool Manufacturers Association (IMTMA).
  • Niagara Industrial Association (NIA).
  • The Association of Religion Data Archives (ARDA).
  • Taiwan Association of Machinery Industry (TAMI).
  • Japan Textile Importers Association (JTIA).
  • Indian Construction Equipment Manufacturers Association (ICEMA).
  • Process Equipment Manufacturers Association (PEMA).
  • Kenya Importers Association (KIA).

International standard for this industry:

  • ISO 11204: 2010

Few of the World’s best companies in this industry are,

You Tube:

https://youtu.be/RzrprbgD1Uo

Written by SOP Team

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