If you don’t want to commit to fully refurbishing a piece of equipment, the technician can rebuild by replacing the parts most in need of maintenance or an upgrade. Combined with a robust maintenance and equipment monitoring program, repairs are typically the best alternative regarding any situation where downtime or cost will be a significant issue. It’s also smart to conduct periodic Web research on your equipment to see if there are any well known issues that others have reported.
Examining the equipment’s condition is key to figuring out how serious your problems are, and what you need to do to fix them. There are some situations where it’s almost always a good idea to replace equipment. If the broken machine is outdated, low-quality or no longer supported by its manufacturer, you should consider replacing it.
When Should You Repair, Rebuild or Replace Equipment?
If old machinery is less efficient than newer models, requires specialized training or puts your company at risk of not meeting regulations and safety standards, a replacement can also be an upgrade. Many newer models of heavy equipment, for example, are more fuel-efficient. You’ll want to consider diesel savings when calculating the cost of a replacement against a repair or rebuild.
For fleet, troubleshooting might start by checking that a vehicle has fuel and a fully charged battery. The goal is to start with the easiest possible fixes, getting any obvious solutions out of the way. Every time a technician checks the oil, they need to open up the hood, creating a non-zero chance of them breaking the latch.
One of the key advantages of using genuine Behringer repair parts is that they are specifically manufactured for compatibility with your device. This ensures proper fitment and functionality without compromising the overall performance and sound quality of your equipment. The only way for them to know how to get from broken to fixed is if they already know what the equipment looks like when it’s running properly. For example, if a press is making a strange noise, should the tech keep troubleshooting until the press runs silently? That might be the case, but it’s likely the press always makes some noise, even when it’s running perfectly. With ManagerPlus, technicians have instant access to digital copies of O&M manuals on the go, so they can quickly get an understanding of the repair goals.
Downsides of repairing equipment
However, the road grader of a township or small city that’s not used regularly and is maintained to suggested standards will probably exceed its life expectancy. More often than not, the first priority is to do whatever will save the most money now without compromising safety or quality. If you choose a single restorative plan, you might end up spending a lot more on an asset than what its actually worth.
And despite the strength and durability of heavy construction equipment, harsh working conditions will eventually cause even the most robust tools to stop functioning. Below, we’ll cover when to use each of these strategies, as well as their pros and cons. If you don’t have a preventive maintenance plan backed by modern inspection management software, your most common cause of failures is lack of maintenance. For many reasons, most of which are out of your control, unscheduled breakdowns are just a fact of life. Long-term, unexpected equipment failures have a negative effect on your reputation inside the industry.
Consider this when deciding if repair or replacement is better in your situation. While it’s a more common practice at large companies, any business can conduct a life-cycle cost analysis (LCCA) on each of its machines. The LCCA is normally detailed forming a corporation and thorough and is conducted according to one of several accepted methods. The 50 percent rule states that replacement is not necessary until the cost of repairing the machine exceeds more than half the cost of the desired replacement machine.
During every service event, technicians can check off points from the checklist that were covered. If any equipment requires extra maintenance, then it can be scheduled on notice. Additionally, you need to outline the procedures for repair including the standard operating and repair guidelines or safety measures. Finally, prepare a list of internal or outsourced maintenance tools that you need. Not dependent on any broken parts or downtime, it includes some necessary activities such as cleaning, lubricating and replacing batteries on small-scale assets or equipment. It refers to scheduled maintenance to cope with equipment failures before they actually occur.
Equipment replacement vs. repair cost analysis
For instance, if you need seals, some lubricant, and new fasteners to complete an inspection, put them all in a sealed pack with a discrete part number which relates to the task. Get our latest news and information on business finance, management and growth.
Minor fixes in the beginning eventually turn into greater, more costly issues as the quality of the machine deteriorates. Subsequent to assets being placed into service, they oftentimes require additional investments to either improve or maintain their productivity. Repairs are one of four categories of these investments; the others include additions, reinstallations, and improvements and replacements. We were monitoring the direct impact of covid-19 in this market, further to the indirect impact from different industries. This document analyzes the effect of the pandemic on the Electronic and Precision Equipment Repair and Maintenance market from a international and nearby angle.
Detailed TOC of Global Electronic and Precision Equipment Repair and Maintenance Market Research Report, 2023-2030
Before committing to either repairing or replacing a piece of heavy equipment, it’s important to verify the status of the machine’s warranty. Warranties should be covering the majority of your maintenance costs for equipment in the first year or more. If your supplier is not offering a reliable warranty, consider switching suppliers. Anyone who has to answer for the profitability of operations involving heavy machinery should take the time to review the following considerations when deciding to repair, rebuild or replace heavy equipment. When a job is costed as a lump-sum, breakdowns can impose emergency maintenance costs, extra hire costs, extended time-on-task, and reduced fleet efficiency.
Consider how much time you can dedicate to repairing, rebuilding, or replacing your equipment. Depending on the issue, repairing can take hours or days, while rebuilding might take several days or weeks. The speed of equipment replacement, on the other hand, depends on the availability https://online-accounting.net/ of the item you need. If you have backup machinery or can afford to pause certain projects while you rebuild or repair, you may not need to opt for full equipment replacement. On the other hand, if you don’t have time to slow your work pace, you may need a quicker solution.
Like with simple repairs, you can schedule rebuilds based on factors like condition monitoring and fuel consumption. With a plan in place, you can ensure equipment health and increase the lifespan of your machinery by regularly upgrading with the best available parts. Damaged or non-functional equipment will need a rebuild or even a replacement if the problem is serious enough. Depending on how costly downtime will be, a quick repair may be the right decision, but you should be aware this may be a temporary fix. Check the maintenance records and speak with maintenance staff to give yourself an idea of how much longer the machine will work after a repair.
MicroMain’s Computerized Maintenance Management System (CMMS) enables businesses to make more informed decisions when it comes to repairing or replacing equipment. Decisions will be based on actual data provided by the CMMS / EAM solution, not merely guesses. MicroMain’s CMMS / EAM solutions help businesses streamline their maintenance operations and take the guesswork out of their maintenance related decisions. Keep in mind, however, that repairing often takes less time than replacing a machine. Replacing involves waiting for the replacement to arrive, installation, new training, and more. If you’re on an extremely tight schedule and if the equipment is crucial to your process, you may lose too much in production if you take the time to replace.
- It’s important to take good notes when a piece of equipment goes down unexpectedly.
- With the ability to customize notifications as per requirements, you can remind the concerned department about the schedule.
- You need to compare the cost of repairing machinery or rebuilding your equipment with the cost of replacing it.
- The main aim of prompt equipment maintenance revolves around maintaining top functionality and minimizing breakdowns.
MacAllister Machinery brings all its clients the benefit of extensive and detailed knowledge of a diverse range of machines, as well as an expansive inventory. In most circumstances, BELFOR’s repair and recovery work can be completed within weeks – on-site – limiting business interruption and subsequent consequential losses. It’s these innovative techniques, carried out by a skilled workforce, that sets BELFOR out from the crowd. All backed by our state-of-the-art service center that helps get your factory back up and running. Be clear on your expectations concerning the use of maintenance information, the application of safety procedures, and the desired outcomes. Whatever your decision, there are some key issues to consider before taking the large step into outsourcing.
Affordable business financing. Crazy fast.
If you need to replace your business’s heavy equipment, consider heavy equipment financing. Favorable Funding Circle equipment financing rates can give you the freedom to buy the equipment your business needs without tying up all your cash. At Funding Circle, our heavy equipment loans let you borrow for up to five years, with competitive interest rates. Depending on the machinery’s age, it may also be difficult or impossible to source replacement parts. Manufacturers don’t create replacement parts forever, and you may find essential components aren’t available.