Reducing Downtime with Legacy Equipment : vimarsana.com

Reducing Downtime with Legacy Equipment


Reducing Downtime with Legacy Equipment
No one wants to think about extended downtime, but it can be the most impactful, yet avoidable cost manufacturers face.
Jun 24th, 2021
No one in the manufacturing industry wants to think about enduring extended downtime. But it can be the most impactful, yet avoidable cost businesses face. One 2016 study based on real survey data found 98 percent of organizations placed downtime costs at over $100,000 per hour. Some saw impacts as high as $5 million from a single hour of stoppage. In light of such costs, upgrading equipment may seem like the answer.
But it’s not as straightforward as it seems.

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