A
ll of these wider geo-political events have impacted strategy and direction at government roots businesses. With the increased cost of raw materials as well as the unpredictability
of supply chains, businesses are having to be more resourceful in terms of ensuring continuity.
MAINTAINING EQUIPMENT With budgets increasingly strained and margins under pressure, getting the best performance and value out of your manufacturing equipment has never been more important. When considering new equipment, businesses have traditionally looked at the Capital Expenditure (CapEx) required to purchase it. However, quantifying and managing the Operational Expenditure (OpEx) is now also a key priority. Once purchased, the simplest way to maximise the value of equipment is to maintain it at optimum performance for as long as possible, until it needs to be replaced. If it continues to perform optimally beyond its expected lifespan, the need for more CapEx will be postponed and However, maintenance does come at a
cost. Equipment needs regular servicing and any faulty components need to be replaced. The strategy of waiting until the OpEx cost of maintaining the equipment becomes more than the cost of replacement can be an expensive mistake. Businesses may overlook the hidden costs of the downtime caused by time spent the overheads involved in running a line that is at a standstill.
As manufacturing businesses grapple with the continuing fallout from COVID-19 measures, Brexit and the wars in Ukraine and Israel, interest in the circular economy has surged.
MAXIMISING TECHNOLOGIES Modern technology such as a Computerised Maintenance Management System (CMMS) can take the guesswork out of equipment maintenance, providing detailed information in real time about the running time, wear and tear, utilisation and reliability. A CMMS can give an instant evaluation of the total cost of ownership of any connected piece of equipment, highlighting the true OpEx cost and accurately predicting when a replacement will tasks can also be scheduled into a CMMS, so that servicing is carried out in a timely manner.
38 2025 |
Adopting technology like this can help ensure that businesses are retaining equipment for the optimum period of time to maximise the return on their CapEx and OpEx. Perhaps you have equipment from one
brand that you need to incorporate into a line with other brands? This is where Industry 4.0 style technology can prove invaluable, using software that enables systems or components from multiple brands to adapt to and communicate with each other to create a seamless line. Happily, there is also a growing number of machinery suppliers using portable system licences. This is improving the options
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