Different business scenarios present different potentials. The rent vs. buy decision can depend on various factors, from the position of the company's financial goals to the stability of the company's production or manufacturing volume.
Renting and buying both have their pros and cons. Here is a common checklist to help determine which may be best for your industrial or manufacturing needs:
• Does the company have available capital for purchasing the number of IBCs needed? • Are future purchase orders solid and backed by long-term customer relationships? • Would the projected costs of renting prove more expensive than the cost of ownership? • Will increased future capacity require a broader range of IBC sizes or types? • Is the length or frequency of production volume likely to change? • Can the company support the required maintenance and repair of IBCs?
One of our experienced stainless steel IBC experts may help you calculate an accurate cost analysis of renting vs. purchasing. With their years of expertise, they can certainly offer both intermediate bulk containers leasing and purchasing solutions for small and large operations.
Benefits of Renting Stainless Steel IBCs
Purchasing stainless steel IBCs to accommodate inventory and production fluctuations, one-time purchase orders, or seasonal demand spikes would put a substantial drain on corporate capital. By renting only the number of high-quality tanks required and only for the length of time needed, Metano can help you cut down capital expenditures while still fulfilling your seasonal needs.
Another benefit of renting stainless steel totes is the collaboration with an IBC manufacturer that has industry expertise to assist your company's product handling, storage, and transport processes by calculating the right size totes and recommending the right type and features for your application.
A strong alliance with an IBC supply chain equipment provider can help your company avoid wasted time and effort by providing cost-effective solutions while keeping you up to date on equipment and logistics innovations. This includes upgrading tanks with the newest models and provide regulatory testing and inspections to make sure your equipment remains safe during operation.
When Purchasing Stainless Steel IBCs can be the Right Decision
It's great news when a business has more orders than it is able to fill with current equipment and methods! Opting to expand capacity with the purchase of new stainless steel IBCs can be beneficial for many financially solvent business operations. The issue then becomes buying good quality, durable IBCs that will offer many years of in-house service.
Metano can provide high-quality tanks that meet UN and DOT regulations and also offer value-added services such as IBC cleaning, testing, tracking, and repair. Considering the capital investment, these companies often seek assistance with warehousing logistics and web-based tracking and reporting solutions to improve on operational costs. Check out our FAQ or Contact Us today for all your IBC needs!