Save Money
Unplanned downtime of cap manufacturing machine caused by equipment failure can cost a fortune in lost production
revenue, not to mention emergency repair costs. Back in 2006, one minute of downtime
in the auto industry was found to cost a whopping $22,000.
From paying technicians overtime to the cost of overnight parts delivery, everything is
more expensive in an emergency—especially when a production line goes down.
A preventive maintenance program is simply good business. How good? How about a
545% return on investment, according to a recent study from Jones Lang LaSalle? Not a
bad ROI, to say the least.
Maximize Efficiency
Regular equipment maintenance optimizes operations so you can run at maximum
efficiency. According to CMMS software company eMaint, most maintenance
organizations operate at only 10% to 40% efficiency and spend a staggering 50% of
their time on emergency work.
Keeping your equipment running at optimal potential increases uptime, enhancing
production while reducing costs. Poorly maintained equipment uses a lot more power,
resulting in increased energy costs that add up over time. Well-maintained equipment
also reduces scrap produced by machinery that’s operating at a sub-par performance
level.
Prolong Equipment Life
Predictive maintenance programs result in longer lasting, better-performing equipment.
According to Plant Engineering’s survey, aging equipment is the leading cause of
unscheduled downtime. Regular maintenance protects your investment and improves
both your equipment’s lifespan and performance. And as we all know, more efficient,
effective equipment translates to higher profits.
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