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When is Surplus the Right Choice for Manufacturers?

When is surplus the right choice for manufacturers?

Answering this question begins by looking at the current state of the global supply chain and how it has changed since the COVID-19 pandemic. Current times have been a constant challenge to the supply chain. Before the COVID-19 pandemic, things worked very differently from the state of today’s supply chain. There are product restrictions, material shortages, and obsolescence for aging equipment that require servicing and maintenance. As a result, doing business as a manufacturer can be a challenge for even the most agile of operations. How can these challenges be overcome to keep a manufacturing operation running smoothly and efficiently? The answer is often surplus equipment and parts.

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Tackle Obsolescence with Additive Manufacturing

Obsolescence is an unavoidable part of any manufacturing environment. However, it’s concerning that so many companies admit they do not know when vital equipment requires replacing, or when they do, they scramble to find replacements. The latest developments in additive manufacturing could provide an answer to the obsolescence problems.
Additive manufacturing is a transformative approach to industrial production that enables the creation of components using a variety of 3D-printing techniques.

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What is Obsolescence in Manufacturing? Tips for Avoiding the Pitfalls

Obsolescence is an unavoidable part of any manufacturing endeavor. No matter how well your company has planned, some factors are more challenging to consider in advance than others.

In the era of Industry 4.0, new technology continues to revolutionize the manufacturing industry. Industry professionals view it as the latest industrial revolution, hence the Industry 4.0 moniker. Big data and computing technologies are the front-runners in innovations proving value to manufacturers. It is more crucial now than ever to remain on the leading edge of new technology. Upgrading equipment to provide greater efficiencies will provide a greater return on the investment.

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Eight Steps Towards Eliminating Obsolete Industrial Automation Equipment

Everyone knows how quickly technology evolves and innovates, rendering yesterday’s models passé, and sometimes even obsolete – what with all the enhancements and updates that come with the gadgets, devices or machines used today. 

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