No matter what industry you’re a part of, innovation is the cornerstone of growth. As experts optimize processes and develop new technologies, certain machines become obsolete. Updating equipment allows industry leaders to stay ahead of the competition.
Knowing when you should upgrade your industrial equipment can be challenging. Keep an eye out for these signs to improve your facility and increase productivity.
When it interferes with efficiency
Your industrial equipment should serve your operations. Old machines have seen lots of action and may have wear and tear that repairs can’t fix. If your equipment is interfering with your business’s efficiency, it might be time to upgrade.
You don’t always have to purchase new, expensive machines to update your facility. For example, you can install VFDs on existing motors to improve their speed. Faster equipment means faster work, allowing you to tackle big projects in record times.
When repair costs get too expensive
Even the most efficient machines need some TLC every now and again. However, repair costs shouldn’t exceed the value of your devices. You should upgrade your industrial equipment when you’re paying more to fix something than it’s worth.
Regular maintenance is normal, and all manufacturers recommend it. However, machines that stall and break down constantly aren’t worth the hassle. Instead of getting these, you should upgrade your equipment to a more durable model so that you can save money and avoid downtime.
When current models become unsafe
Updating your machines doesn’t just save money and increase efficiency; it also improves safety conditions. Old equipment can break and put employees at risk for injuries. They may also fail to meet modern safety requirements, leaving your business vulnerable to fines and other consequences.
Operating with safe equipment causes a ripple effect. Staff members feel more at ease with their machines and produce better work. They also appreciate the concern for their well-being, which leads to higher employee retention. Upgrading devices to make them safer enhances your company culture and shows people where your priorities lie.
Plant managers and other industrial site leaders are responsible for improving and maintaining their workplaces. When you upgrade your equipment, you’re setting your business up for long-term success.