Equipment Justification: Do A 360˚ Review

With this caution in mind, here are 12 issues every in-plant manager should examine when attempting to justify new equipment:

1| Equipment downtime: Downtime can eat at your organization’s reputation, morale and performance numbers. Additionally, when a piece of equipment frequently goes down, it impacts many other departments. Try to get an accurate, conservative estimate of lost revenues and productivity from equipment going down for repairs.