Rapid technological innovations have forever changed how we engineer machines. These innovations have led to exceptionally automated finishing solutions that deliver the highest-quality end-product while streamlining complex workflows and reducing labor demands. Such advancements are integral to our Finishing 4.0 portfolio and the future of finishing. But they also underscore why now, more than ever before, managing the lifecycle of your particular finishing asset—no matter its age—is so essential to your business’ stability and growth.
The truth about a machine’s lifecycle.
Muller Martini’s bindery and press solutions are renowned for their longevity with so many of our machines still producing 25 years or more later. But the hard truth is that as these machines mature, they’re not only subject to age-related wear and tear, but many are susceptible to the lack of older parts and components, particularly electronic. Not to mention a lessening pool of technicians experienced in servicing legacy machines.
…and the consequences.
Machine lifecycle management takes a systematic approach to monitoring, maintaining, and planning a machine’s lifespan. At its core, it’s all about avoiding unfavorable outcomes that can result as machines age. These consequences include:
- Missed opportunities. When a machine’s performance is not regularly assessed, opportunities are often missed to improve throughput and productivity.
- Increased costs. Machines that are not proactively maintained are more likely than not to experience unplanned shutdowns and costly emergency repairs.
- Lack of parts and other components. Today’s OEMs are continually challenged to secure and stock essential parts for their legacy equipment. It’s difficult to talk about “obsolescence,” but it’s simply a reality as equipment becomes more digitized, less mechanical.
- Loss of secondary market value. Most legacy machines have value on the open market—unless they’re no longer salvageable due to continued neglect.
- Employee dissatisfaction/turnover. Outdated machines lack the technological features many younger operators desire in order to advance their skills and industry value.
These serious consequences are a critical reason why many now consider a lifecycle management strategy to be a critical part of their business. If your finishing partner offers such a strategy, be sure it:
- Ensures optimal management and maintenance of machines and their components, from installation to decommissioning.
- Forecasts the timing of equipment needs based on actual usage and output challenges.
- Aligns these needs with your particular business strategy in order to more favorably impact current and future profitability.
- Plans for the acquisition of new equipment or sale of older assets.
Knowledge is power. Be prepared.
The ultimate goal of an effective equipment lifecycle management program is to: (1) provide facility managers with the tools needed to optimize their equipment’s performance, and (2) enable financial planners to make informed decisions when the time comes to repair or replace their finishing assets. It’s all about protecting your bottom-line today and tomorrow.
If you would like more information about Muller Martini’s Lifecycle Management program (LCM), please contact your Regional Sales Manager.