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The Challenge of Obsolescence

Strategies for Managing and Maintaining an Ageing Asset Base

Even the most modern factories rely on maturing equipment - it is often well-made, reliable and does not need immediate replacement. Still, the word "Obsolete" presents a significant challenge for many. Thankfully, the solution lies in the management of "obsolete equipment". 

Discover what else ERIKS found out about industry attitudes towards obsolescence in our new research paper; available below!

Begin Managing Industrial Obsolescence in 3 Simple Steps...

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Identify Equipment Criticality

Not all equipment is equal. To identify criticality, ask yourself: if this machine breaks down, will it simply slow down a process, stop a production line or bring your entire factory to a grinding halt?

 

Recognising which of your equipment is most important to your operations is the first step in obsolescence planning. 

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Understand Spares Provision

Once you have a list of equipment ordered by criticality, starting from the most important find out the spares availability - are you sure you have inventory of critical components in stock? Are you aware of the current shelf-life?

 

Spares lead time and availability catches many businesses out, especially on maturing equipment, leading to extended unplanned downtime. An awareness of spares availability is key in managing obsolescence. 

Consider Re-engineering Components

One of the risks of maturing equipment is the OEM no longer providing support and spares becoming non-existent. 

 

Before you start looking at replacement options, don't rule out re-engineering of components. This is usually a cost effective alternative which can extend the life of maturing equipment and reduce total cost of ownership.

You're Not On Your Own - We're Here to Help

We've made it sound easy...

However for many companies implementing these steps requires precious resources and expertise that many companies cannot afford to spare or simply do not have.

ERIKS can do the leg work by performing a full Obsolescence Audit for you.

With our years of expertise, identifying criticality in a variety of environments comes easy to us, we can let you know which equipment is integral to your operations so you can focus on what really matters first.

When it comes to spares we know what's needed and the recommended shelf life, if it's sensible to order stock in we can tap into a wide variety of suppliers and connections for the best possible turnaround.

Finally, if spares are getting harder and harder to acquire or cannot be found, our engineers have the know-how and resources to re-engineer the perfect component to keep your plant up and running. 

 

    

ERIKS in Action

Saving you time and money, each and every day

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Pump Asset Management Extends MTBF to Over 1.5x Industry Target

By impletemting ERIKS Asset Management a major drinks manufacturer was able to achieve an average MTBF of 90 months against an industry standard of 60 months. 

Too Many Assets and Not Enough People?

Engineers running around checking plant status?

Then you need to switch to status MONITORING from ANY/MANY locations with ERIKS e-Connect and keep up to date anytime via the cloud. 

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Planning for Obsolescence

Obsolescence may be inevitable, but that doesn’t mean its impact on productivity, reputation and costs is any less tangible. Being prepared and mitigating risks are the most effective ways of avoiding the more severe consequences of part obsolescence. 

Establishing Best Practice in Asset Management

The role of asset management within a functioning production line should not be underestimated; but what does best practice look like? 

   

Top Tips for Calculating Total Cost of Ownership

To repair, or to replace? That is the question. At least, it is for manufacturers, who are coming under increasing pressure to do more with less, while squeezing out the last drop of potential from every available resource. Enter Total Cost of Ownership (TCO), the acronym that’s here to help, but only if you do it right.

When a Component Fails: Fast Fix or Future-Proof?

Industry’s productivity, profitability and reputation depend on the correct functioning of its equipment. But, when equipment fails, is a quick fix or a detailed investigation the best course of action, and what role can Total Cost of Ownership calculations play in the final decision? 

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