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Why sitting on your hands is cost-ineffective

Unsure why sitting on your hands is cost-ineffective? Let’s look at a common situation occurring within many factories and plants around the globe. Your machinery is running at full capacity and productivity is at sound levels – everything is running smoothly.

Then completely out of the blue, BAM! One of the parts in a pivotal piece of your equipment suddenly fails and your whole operation grinds to a halt. Productivity has dropped to zero and your team now has to work overtime to overcome this catastrophic disaster. This one little failure has absolutely blindsided you and you’ve been left completely exposed.

Your supplier may have this part in stock so it can be quickly replaced, but each minute your machines aren’t functioning at full capacity you are leaving gaping holes in your profit margins. You learn a massive lesson on what actually can cause such a devastating malfunction, but this won’t help to recover all the profits you have lost in learning this valuable lesson.

With so many parts in your machines, you need to minimise the risk of these potential disasters occurring. The implementation of condition monitoring strategies can alleviate much of this risk. Sensing technology provides your team of engineers greater awareness of the condition of components, allowing your organisation to be much more informed about the condition of your components through monitoring vibration, temperature and pressure. Possessing specific and accurate information about your machines allows you to be better informed as to when a component needs maintenance or replacing.

It’s much better for your bottom dollar to be proactive than reactive.

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