Equipment Justification: Do A 360˚ Review
An experienced in-plant consultant suggests 12 crucial areas to examine when attempting to justify new equipment for your in-plant.
3| Equipment productivity: I’ve heard too often, “But that equipment is paid for!” Maybe you want your competitors thinking that way, but you shouldn’t. What you want is the most productive system you can afford—and that is economically prudent. If one new piece of equipment can produce two or three times as much as what you have, and you have enough work to really keep it busy, then how does this affect your overall labor costs? Is there more work available for you to keep that equipment busy?
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