Replacing vs Repairing: How to Deal with Damaged Equipment?

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Replacing vs Repairing How to Deal with Damaged
Equipment?
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• What to do when an essential machine part or any
  equipment has broken down? Whenever an essential
  piece of equipment has some issues with its
  functioning, it directly affects your
  manufacturing productivity. And, of course, your
  bottom line suffers too. Your team needs to
  search for a quick, budget-friendly, and
  effective solution in similar situations. Here,
  the most crucial question arises- if one should
  opt for replacing or repairing the equipment?
• Often manufacturers choose to repair equipment
  rather than replacing it with a new one because
  of the budget factor. But, the costs of repairing
  frequent breakdowns, unmet productivity,
  defective output, etc., can sometimes be more
  than the cost of replacing the equipment.
  Mitsubishi replacement parts can prove to be the
  best choice in case you choose to replace them.
• Leaving your decisions to guesswork can result in
  a costly and dangerous approach. So, you should
  have a list of factors that can help you direct
  which way your ship should sail. And we got you
  that list

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• 1. Data-Driven Decisions
• Your only concern should be getting your
  production back online as quickly as possible.
  The reactive decision you will make may work out
  temporarily but can cause trouble in the long
  run.
• In addition to the apparent replacement cost of a
  new piece of equipment, there are other several
  factors too that you should take into
  consideration while deciding between getting the
  equipment repaired or replaced like
• Ongoing maintenance can cost over the remaining
  equipment's life
• Costs incurred by the equipment downtime
• The impact any repair would do on productivity
  and quality of the equipment
• Health, safety, and environmental costs that may
  come with equipment breakdown
• Training and buying costs for a new piece of
  equipment
• Disposal and installation costs
• With these many factors to consider, it is clear
  that you should not make this decision without
  the proper data analysis.

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• Analyze the Costs
• You should always think long-term while analyzing
  the costs of repairing or replacing equipment or
  parts of any equipment. For a new piece of
  equipment, consider
• The cost of purchasing it
• Its service life
• Operating costs
• Potential salvage value
• Any revenue increase it may bring in the future.
• Its remaining service life
• Operating costs and market value
• Future salvage rate for an old piece of equipment
• By calculating these figures, you can determine
  an annual average cost for each option so that
  it will be easy to compare. Mitsubishi
  replacement parts and Mitsubishi machine parts
  are the best options you can choose for the
  cost-friendly and efficient replacement of
  machine parts.
• Consider the Age of Equipment

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• Consider Downtime
• The impact of downtime on productivity while the
  asset is under repair is a significant factor to
  observe. If it takes numerous days to get
  repaired, and if this happens frequently, you
  know you have lost several hours of
  productivity. And it is undoubtedly not
  acceptable. Consider this factor while deciding
  if you want to get the equipment repaired or
  replaced.
• Consider the Cost of Repairs
• While calculating the cost of repairs, you should
  also consider how often you will be paying those
  costs for repairs? Because you don't want to
  continue repairing the same equipment several
  times a year, right? For this, you can look for
  asset repair events that provide information on
  the number and frequency of breakdown events and
  the repairs' costs.
• Consider Safety
• Often the older equipment causes injury to
  workers in case of malfunctioning. Even if you
  opt for up-to-date maintenance, equipment or
  certain parts of equipment tend to function down
  as it ages. Also, inspect your machinery before
  you make any decision. This will help you to
  determine if your current equipment can continue
  to provide a safe environment to your workers or
  need a replacement. If it meets safety
  standards, it is only worth comparing to the
  costs of a replacement versus repair.

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7. Consider Efficiency It is always smart to
think of the long run. Questions like, 'How
efficiently is your equipment working now?'
'Will a simple repair give the efficiency of the
level you want?' 'Would a new piece of equipment
with newer features that uses less fuel and
breaks down less frequently be a better choice
for your efficiency?' are must-ask for
calculating the efficiency that a repair or
replacement can give you. Replacements can be
costly but efficient too, and that is what
matters in the long run. Repairing costs less,
but it doesn't make sense if you need frequent
repairs, right? We hope your ship now knows which
direction is meant for it to sail. Whichever way
it is, Mitsubishi machine parts can provide you
with the best services for both. Source
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