If you work in manufacturing, construction, agriculture, or any other industry that relies regularly on heavy machinery to get the job done, then it isn’t news to you that keeping that machinery running can quickly become one of the biggest costs of running the business. There are ways to slow the rising costs of taking care of your equipment, however, and it doesn’t require you to get rid of all of it. Here are a few to consider.
Create a schedule of proactive maintenanceMaintenance is crucial for the operation of any machine. However, maintenance shouldn’t only be done when you spot a problem. Create a schedule of preventative maintenance that can help you better spot any issues early, while also taking steps to address the most common points of breakage and putting in the work to put them off as best as possible. Those who operate the machines should be the ones given the responsibility of maintaining them as well, so they become more familiar with the signs of problems while operating.
Ensure more effective use
The better that your team is at actually using the equipment, then the less wear and tear it will experience. As such, it’s worth taking the time to invest in repeat operational training for the heavy machinery that your team is qualified to use. Nowadays, there are even machinery use apps that help them use them more effectively.
Work closely with the manufacturer
Rather than working with local repairmen for the heavy machinery that you operate, it may save you some money to go, first and foremost, to the manufacturer of the machine. There’s a good chance that they will sell the replacement parts you might need for them directly. It usually costs less to buy directly from the manufacturer since they don’t have the additional profit incentive to up the value that a reseller would.
Keep it in a secure location
Exposure to the elements, especially wind and rain, is going to wreak havoc on most heavy machinery. Corrosion and rust can be some of the most costly problems to fight. As such, you may want to consider changing the environment you keep your machines in with options like an industrial shed. A simple tarp over the top of your equipment isn’t enough if you have several machines that you need to keep in good condition.
Lease it instead of buying it
The next time you find you have a need for machinery you don’t currently have, don’t immediately rush to buy it. First of all, consider if you could lease it from a local machine hire company. It might be more cost-effective if you don’t need to use that machine too regularly and, what’s more, you don’t have to pay the costs of maintenance when you’re done with it, simply return to where you leased it.
Keeping and maintaining business machinery is always going to be a cost your business has to contend with. Hopefully, the tips above make sure those costs don’t go sky-high, however.
Any business that sells products has to engage with manufacturing. Whether that’s directly or indirectly. At the end of the day, manufacturing is essential when it comes to bringing your products to life and giving you something to sell. Think about it. Even if you have the best product concept in the world - the best product concept that anybody has ever come up with - it's pretty useless unless you can bring the product to life and offer it for sale on the market. Consumers want to receive something more than an idea for their money. However, manufacturing is a relatively complex process and you have a fair number of options at hand. Whether you offer food products, jewellery, bedding, candles, kitchen accessories, gadgets or anything else you can think of, it’s going to need to go through some sort of manufacturing process and there are countless ways to go about it. Here are a few options alongside a little more information to help you to make the best choices when it comes to your own business and its manufacturing process.
What Is Manufacturing?
Let’s start out by settling on what exactly manufacturing is. Put simply, manufacturing is the process of taking raw materials and combining them or joining them together in a way that will create your final product. Anything that comes off the manufacturing production line should be ready to be packaged and sent directly to the customer. It’s your product in its final form.
In-House Manufacturing vs. Outsourced Manufacturing
The two most common ways of going about manufacturing a product are outsourcing or bringing manufacturing in-house. Now, most small businesses start out by outsourcing their manufacturing, while larger companies with established and in-demand goods tend to bring manufacturing in house. The right decision will fall down to your individual business’ circumstances and needs. But here are a few things to take into consideration to come the right conclusion for you.
Your manufacturing process needs to be cost effective. If you are a small business with small means of investing, manufacturing in house can be costly and risky. You may change your mind when it comes to what you’re selling and be lumbered with lots of costly and specific equipment you no longer need. Larger companies tend to have solid demand for their goods and will use equipment and machinery indefinitely, which makes in house manufacturing more sensical. If you know your products will sell, it’s fine to invest in niche manufacturing essentials like carbide tool industries products and conveyor belts.
Outsourcing tends to save time. You send your requests out and the work will be completed. If you manufacture in house, you need to train staff up. Again, whether this is worth it or not will depend on your business’ circumstances.
As you can see, the logical option for most small businesses is to outsource manufacturing. But as you grow and experience success, you may want to consider bringing things in house!
Author - Chris
Author, Editor, Creator of this website.