Why Machinery fails?
- Irregular maintenance of machinery
- Handling by unequipped and unskilled workforce
- Failure to replace parts as when required
- Taking the equipment to work beyond it’s capabilities
- Missing out on regular analysis of the equipment
- Running the machinery on incompetent electrical supply
Actual Impact of Machine Failure
- Industrial operations are largely dependent on the working of appropriate equipment and machinery. Therefore, on the account of such failure, the whole industrial operation takes a hit. Other than cost of replacing failed machinery, several other financial implications come into existence.
- Cost of workforce associated with removal of failed machines
- The machines used in industrial operations are often composed of complex electrical connections and are even quite huge in size. It is not a layman’s job to efficiently remove the failed equipment from the premises without causing any more damage that might result out of careless handling.
- Cost of replacement or repair of failed machines
- The cost associated with replacing failed parts of industrial machinery is a factor that definitely causes a dent in the monopoly of small, medium as well as large enterprises dealing with machinery failure.
- Cost of dealing with efficiency loss
- Another financial implication that is not as straightforward as the two mentioned above is that of dealing with the downfall of the efficiency of the industry as a whole. Failed machinery leads to failure of certain aspects or operations undertaken by the industry, which further lead to loss of utility costs, labour wages, and even impact customer customer experience in a negative way.
How to minimize the loss caused by Machine failure
All it takes for a organisation’s existence to disappear are a few machine failure either occurring simultaneously, or even at irregular intervals that lead to increased vulnerabilities in the mechanism of day-to-day operations. A catastrophe is better to be prevented that to be dealt with when it happens! The following preparatory measures can help SMEs and well as Large enterprises to minimize losses caused by equipment breakdown:-
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