Broken machinery and old software systems create unwanted problems for companies, but how can you ensure that you do not spend money unnecessarily on new equipment and repair or replacement services?
A decision needs to be made on whether to take no action, replace or repair equipment. Storing up to date data surrounding performance and costs will help you answer questions such as;
Costs and expenditure required should equipment break down
Replacement vs repair costs
How much to spend on repair and maintenance services
How much will repair cost over the remaining lifespan of the equipment
How does the price compare with replacement/breakdown costs
Repairing equipment can sometimes be cheaper than replacing it. Staff can continue to work on a system that they are familiar with without needing to undergo training. However, older machines will require more maintenance over a number of years and some parts may be difficult to source if anything goes wrong.
New equipment will run quicker and will require less maintenance. The downside is that it may take time to get used to a new system, training costs will cause delays and finance costs for the new item will need to be covered.
A good software system helps staff keep on top of construction asset management and make the right decisions. Overall, companies need to take in the following factors before making an informed decision:
Breakdowns are costly to a business
Assessing the economic life of equipment is a financially sound decision
Companies should make informed decisions on repairing and replacing
No-matter how successful a company is, not looking after equipment and systems is commercially unsound
Senior Architectural Systems has provided a high-performance fenestration package for a stunning new residential development in Nottingham.Posted in Aluminium Products, Articles, Building Industry News, Building Products & Structures, Building Systems, Case Studies, Curtain Walling, Doors, Glazing, Restoration & Refurbishment, Retrofit & Renovation, Walls, Windows
A new report — from IFSEC Global, ASSA ABLOY Opening Solutions and analysts Omdia — reveals fresh market data generated by a survey conducted at the end of 2020.Posted in Access Control & Door Entry Systems, Articles, Building Industry News, Health & Safety, Information Technology, Innovations & New Products, Publications, Research & Materials Testing, Security and Fire Protection
Lake Huron House, on the banks of one of North America’s five Great Lakes; features glass products from the Pilkington product portfolio.Posted in Articles, Building Industry News, Building Products & Structures, Building Systems, Case Studies, Glass, Glass Projects, Glazing, Restoration & Refurbishment, Retrofit & Renovation, Walls, Windows
ASSA ABLOY has assisted with the design and specification of doorsets and relevant hardware at a primary school.Posted in Access Control & Door Entry Systems, Architectural Ironmongery, Articles, Building Industry News, Building Products & Structures, Building Systems, Canopies, Entrances & Column Casings, Case Studies, Doors, Health & Safety, Interiors, Posts, Restoration & Refurbishment, Retrofit & Renovation, Security and Fire Protection