Downtime got you…well…down?
For many people, downtime is a lot like winning the lottery (though not in a good way). Most think “That will never happen to me” when confronted with this awful “mythical” event. But for thousands of facilities, this “myth” is a reality from which some never return.
The dreaded downtime can cost you more than you think. Studies show that 20% of estimated downtime costs are 200-300% shy of the actual cost.
Take into account all of the “money losing” factors that come with downtime. There are the employees that you will have to pay for downtime.
The repair crews you may need.
New parts to fix your equipment or even new equipment.
All of the bills that come with keeping your facility running while the damage is being fixed.
The loss of production during the time that you a down.
You get it, the list can go on and on.
Though you can see the instantaneous repercussions of downtime, there are some that may take some time to hit. Downtime can be bad publicity for your business, as late delivery to customers due to downtime can build a bad relationship and potentially lose part of your customer base.
All of these losses prove that it is so important to not only maintain your equipment but make sure the equipment that you are using can stand the test of time and withstand the potentially abrasive nature of your product.
The longevity of your equipment is important to us, General Kinematics keeps this in mind with every piece of equipment that we build. By using only the highest quality materials, our engineering and application knowledge ensure a longer service life is part of every GK unit.
It is important to have a plan in place to get up and running as soon as possible and to practice this plan multiple times a year to make sure that everyone knows their task when downtime strikes.
Make sure to collect the data if you do have downtime. It is very important to know your limits and financially strategize in the case of downtime. It is not just the salaries of your employees that you need to take into account but all of the production costs that are lost in the case of downtime.
At General Kinematics we take multiple steps to ensure that downtime is not an issue for our customers. There are multiple classes to keep up on the latest preventative maintenance strategies and equipment upkeep. Our field service team is dedicated to ensuring the best service and when you purchase equipment from GK each unit comes with a list of critical spares to have on hand to keep your line running.
Don’t let downtime be your downfall, stay up and running with General Kinematics. Don’t wait, call today!