Modernization seeps into every industry, sector, and generation! When it comes to machine modernization specifically, technological advances can have you wondering what level of overhaul and replacement is actually necessary to keep up with the times but still drive high ROI. Additionally, equipment doesn’t last forever. Normal wear and tear requires ongoing attention, as machines become less reliable due to system changes over the years, safety concerns, and more.
New machines support the cloud or Internet of Things (IoT) and the data gleaned can help establish better ways to modernize facility infrastructure while increasing output and profits. However, balancing budget constraints, lengthy replacement processes and more can leave you wondering what is actually necessary when it comes to modernizing your equipment and facilities. What are the benefits, and what is worth it?
Most experts agree that America’s infrastructure needs an upgrade, if not a complete re-think. “For private companies, it’s easier to focus on periodic maintenance versus system-wide upgrades,” notes Wharton public policy and management professor Howard Kunreuther, a co-director at the Risk Management Center. Adding that funneling money into upgrading an entire system could strain business in the short term if competitors aren’t making the same capital-intensive investments.
For manufacturers, equipment is a necessity, and unplanned downtime is not an option. You may be asking yourself, what is the proactive solution both to update current infrastructure, and avoid prolonged downtime? Your best option is to modernize your system by upgrading or migrating to a newer controls platform. This mitigates the risk of failure and addresses antiquated machines. When updating your equipment, look into implementing data collection, recipe management, and other enhancements that can improve your system.
Learn more: Modernizing on the Cheap
Modernization doesn’t have to be scary! It positively impacts production by replacing old technologies with newer, often faster, more robust, and all around better solutions. Here are 3 top benefits of modernizing the machines at your plant.
Increase Effectiveness & Reliability
Replacing outdated components with quality new ones increases the effectiveness of the entire machine and, consequently it can expedite and maximize given phases of creating new products. Many facilities attempt to stretch the duration of their equipment for 40-60 years, despite a typical 30-year lifespan. Don’t fall into this trap! Having a reliable system in place, with up-to-date equipment will help you avoid future downtime. It’s also MUCH safer! A huge benefit you can tout when competing for workforce talent.
Availability of Parts
It can be harder to find replacement parts for aging equipment. Upgrades and repairs are cheaper and spare parts are easier to source with new equipment, saving you time and money.
Digital Capabilities
Technology is constantly changing, plants can benefit by changing with the times and integrating modernized equipment that facilitates cloud and IoT connectivity. The digital components of electrical equipment is directly related to enhancing facility management and enabling smarter decisions made by plant managers. For example, you are able to check the health of your equipment remotely by connecting an asset performance monitoring system to electrical distribution equipment, which is essential in avoiding unplanned complications.
Additionally, the next generation of workers has been raised on a 100% digital diet. The manufacturing sector’s workforce is also rapidly aging. It’s important to think about infrastructure upgrades that will help you recruit as well.
Manufacturers can’t execute a data-driven strategy without modern equipment. Modernizing Increases overall effectiveness and improves plant reliability. Spare parts and support are readily available, and adding digital capabilities enhances ROI while also being a powerful differentiator from a recruiting standpoint.
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