When industrial equipment breaks down, it will disrupt everything from your bottom line to your productivity. Your staff requires effective and quick solutions so they can continue with the production process.
However, it becomes challenging to determine whether to invest in repair services or completely replace the entire equipment. Knowing when to do away with your old equipment and get a new one is vital, though it will be just as important to determine when to fix it. To help you make the right decision, here are key points to look at:
Cost is a vital factor to help you decide whether to replace or repair your industrial equipment. Carry out an in-depth and extensive analysis of the total costs of both options before you make a final decision.
Although replacing your equipment may seem egregiously costly, a sequence of repairs can end up costing you a lot of money in the process. Some industrial equipment can turn into a money pit, requiring costly repair fees and endless upkeep. Therefore, in the end, replacing equipment can turn to be a very economically efficient decision.
Older industrial machines have a lower OEE and go through more downtime than new equipment. You need to carefully review this metric when determining whether to replace or repair your equipment.
When it comes to energy costs, older equipment will have a lower rating on energy efficiency. This simply means that they are less effective in energy consumption compared to new machines. Though in terms of safety, old machines are usually associated with higher risks of accidents, posing a greater danger to your staff.
3. Availability of Parts
It is vital to consider the availability of a replacement part for your equipment. Experts at Kor Pak suggest that you will still require repairs even if your old equipment is still strong.
If manufacturers don’t make the part you want to fix in your old equipment, it will be nearly impossible to get. Lack of replacement parts will also result in an additional downtime for unplanned machine replacement or repair. This downtime can be very devastating to your supply chain or production schedule.
4. Engine’s Lifespan
On most pieces of heavy machines, engines are among the first parts that you may need to either replace or repair. As far as air-cooled engines are concerned, most professionals advise multiplying the horsepower of engines by 100 to give you an approximation of the lifespan of your equipment.
However, this depends on how well you maintain the engine. Once your engine reaches this number, consider taking stock of how the entire machine is operating. This will also allow you to determine whether you need to replace the whole machine or just need to replace the engine.
Make a Good Decision!
When your machine breaks down, the option to consider repair services is normally the best course of action. Though remember that this is not a definite solution in all situations.
If you are dealing with a machine responsible for lost revenue and has a track record of running issues, you will need to replace it right away.