How to Balance Machine Performance and Value

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How to Balance Machine Performance and Value
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In manufacturing businesses, being best is not
enough. Shops need to improve constantly in
order to stay ahead of the competition. They must
keep acquiring new technologies, use branded
parts like Mazak parts and Amada parts to
maximize profitability. However, better machine
monitoring data and equipment have made capital
purchasing decisions complicated. Many
businesses prefer simplifying machine tool
acquisition processes by prioritizing value -
but it comes at the cost of performance. To
attain high ROI, it's necessary to have a
balance between the two. It may seem daunting at
first, but it's easier to keep up with
technological advancement and grow business with
the right methods. 1. Performance v/s
Value Performance and value together serve as a
solution for all the factors that make up the
machine. And thus, shops must consider all kinds
of performance - from equipment to exceptionally
versatile machines, important factors,
decision-making time, etc. Small shops, for
instance, should evaluate external factors such
as what OEM tools are included with machine
purchase or how they can help in operations. So,
as it grows, they would have resources to
dedicate to process analysis and decision making.
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• Total Ownership Costs
• This is the most important factor that businesses
  need to consider - despite their shop size. The
  more information they would be able to gather,
  the easier it would be to make sound decisions.
  For example, information on OEM's scheduled
  maintenance program can help estimate future
  service costs.
• As the size increases, they can add more context
  to maximize ROI, such as cost of educational
  opportunities, application support provided by
  various OEMs, etc.
• But, at last, they need to look for effective
  OEMs and spare parts like Mazak parts that can
  reduce the total ownership cost by offering
  comprehensive support packages.
• Pre-Part Costs
• As the operational volume grows, the importance
  of pre-part costs increases too. Besides, high
  volume is the norm in many industries. If these
  large manufactures have to cut a fraction of
  seconds from a part's cycle time, it could save
  them thousands and more dollars in a year. This
  is possible if they can balance performance and
  value, considering every factor from energy
  consumption to coolant evaporation.
• OEMs like Mazak have experience and can help with
  pre-plan costs at a granular level. Besides,
  machine tool builders can help optimize the
  process.

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• Total LifeCycle Costs
• For shops to maximize ROI, they need to go beyond
  the total cost of ownership and the cost spent
  over the machine's lifecycle, including resale
  value. After all, many manufacturers who purchase
  new machines plan to fund their next capital
  purchase by selling the old equipment. So, it's
  necessary to look at how quickly machines wear
  out and how much aftermath support is available.
• The total lifecycle costs can change how
  businesses purchase machines. Hence, it's
  essential to choose brand manufacturers. Because
  the machines of those manufacturers are
  well-supported and durable, which decreases the
  lifetime cost compared to others. While the
  initial investment is high, the total lifetime
  cost remains less.
• And when the businesses bring in faster cycle
  times, greater throughput, and durability of the
  brand solution, the costs further go down.
• Capabilities and Capacity
• Considering that minimizing capital cost
  increases ROI, many businesses create purchasing
  plans with a schedule for upgrading the
  equipment. This pre-planning ensures businesses
  that they have the equipment that meets the
  technological needs and requires less than
  planned maintenance.
• So, the good rule of thumb is to replace 10 of
  capital investment annually to maintain
  competitiveness and sell the used machines to
  fund new ones.
• Adding capabilities tend to increase the store's
  capacity. For example, many shops replace their
  single-use machine with multi-tasking equipment,
  which provides flexibility and helps get the work
  done in one.

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In short, they need to partner with brand OEMs
like Mazak and use branded parts to maintain
productivity and budget. This Article Post is
Originally Posted here https//www.sooperarticle
s.com/automotive-articles/how-balance-m
achine-performance-value-1808581.html
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