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Whether you work with motors,
drives, turbines, or electrical controls, eventually things wear out. The same
holds true for the production process and facility itself. The issue then is
whether to replace the older item or to rebuild it. Regardless of the item in
question it comes down to a matter of total cost. For many it's cheaper, easier,
and faster to upgrade than to buy or build new. So my question is, how do you
calculate the costs and benefits of both? Are your ideas and justifications
accepted openly, or are they pushed aside by perceived
priorities?
Eventually tools, processes, and
even plants wear out. How do you calculate the costs and benefits of replace vs.
rebuild? Are your ideas accepted, or do finance department perceptions take
precedence?
The preceding article is a "sneak peek" from Electronic
Components, a newsletter from GlobalSpec. To stay up-to-date and
informed on industry trends, products, and technologies, subscribe to Electronic Components today
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