Ways to Generate Revenue with Large Scale Machinery

Machinery

Investing in large, expensive machinery is often necessary in industrial businesses. There are many reasons down the road, however, that you may no longer need it. You may be upgrading to a new model or moving into a new line of business altogether. Whatever the reason, if you find yourself stuck with an expensive, large scale machinery item that’s still in working order, you have several options that will help you still use it as a revenue stream.

The EaaS Model

One of the newer and more compelling options for turning a profit from a substantial piece of machinery is the EaaS, or equipment as a service, model. In this arrangement, you essentially provide a “subscription” service to an interested party. They pay you a flat rate to have their equipment at their disposal, but then pay a premium for the amount they use it. The advantage to this is that you are given a steady income, and the machinery may last long enough to generate quite a return.

Leasing

You can also offer a traditional lease or lease-to-own contract. In this scenario, you would agree to a structured monthly payment schedule for a predetermined term. Let’s say you decide on a 24-month lease arrangement. During that time, the person using the equipment will pay you, but you retain ownership. You, however, will be responsible for routine repairs and maintenance. At the end of the term, you can offer a buy-out price, or you can build it into the end of the lease. In this way, you may still turn a profit, as depreciation won’t figure in.

Selling Outright

Of course, you always have the option to sell outright. The advantage is that you will end up with a lump sum of cash, with nothing more to worry about than proper paperwork. On the other hand, you may be leaving steady income on the table as opposed to the other two options.…

5 Maintenance Tips for Your Hydraulic Press

Hydraulic Press

Whether you’re in manufacturing, ceramics, or in the business of building aircraft, chances are you’re using a hydraulic press every day. This mechanical machine has become integral to so many industries, from sword making to refrigerators and electrical parts – a good deal of daily items wouldn’t exist without them. No doubt if you own or run a hydraulic press, you’ll know the importance of keeping it in optimal condition.

The benefits of preventative maintenance

Preventative maintenance is fixing the problem before it becomes an issue. Press operators will be the first to tell you that this kind of maintenance is the key to having a successful day on the job, but this goes for all hydraulic equipment. Whether you’re in construction, agriculture, or electronics, the benefits of preventative maintenance are three-fold.

  • Less equipment downtime. Getting to the problem before it gets to you will decrease machine downtime and boost productivity.
  • Longer machine life. Preventing issues from arising during runtime will extend machine life over the long term.
  • Improved safety. Fulfil your obligations under the Work Health and Safety Act by providing a safe workplace – improving, and optimising maintenance techniques and processes will mean less chance of injury on the job.

Hydraulic press maintenance tips

A press operator will be quick to tell you that not all hydraulic presses are the same – and it’s true: different machines require different kinds of maintenance depending on how they’re made and what they do. It’s important to carry out maintenance as soon as something doesn’t look or sound right. Abnormal vibrations or sounds should all warrant a check over. With that in mind, here are 5 key tips on how to maintain your hydraulic press.

  1. Check the oil

 

Oil is key to the running of the hydraulic press, without it – nothing works. Make sure it’s properly topped up. Check the machine manual or oil tag for the right grade. You’ll also want to make sure your oil is clean. Dirty oil is a common cause of press malfunction and can reduce the machine’s life dramatically. Oil sampling should be done at least once a year to determine the quality and lubricity.

  1. Monitor the oil temperature

 

Oil must be at the correct operating temperature for proper use. If it’s not cool enough, the oil won’t have the right viscosity to ensure moving parts aren’t rubbing or grating against each other. Ensure the oil is cool enough by checking the radiator and cleaning built-up dirt and dust. Clean airflow in and around the machine is key to ensuring proper function.

  1. Watch out for leaks

 

Check for leaks around the press ram, valve seats, hose fittings, and hydraulic lines on a regular basis. Leaks are usually the first sign that something is wrong internally. If you discover a leak, make fixing it a priority.

  1. Monitor the pressure

 

A press in working condition should build up pressure in a relatively short amount of time – roughly 0.5 to 1 second. If it takes any longer than this, or you notice a delay, stop work, and inspect immediately. More often than not it’ll be a pump related issue, but be sure to give the whole machine a once over. Inspect the motor and relief valve if the pressure continues to be slow.

  1. Check the electronics

 

Usually, the first issue operators will come across are coils that are nearing the end of their lifecycle. Install a cycle counter to give an accurate reading of how many strokes they’ve done. Replacing coils before they go can save hours of labour and improve machine runtime. Beware of any frayed or loose wiring as this can cause issues if not properly capped or re-wired.

Don’t leave it to chance: book a professional service

One of the hardest things is finding the time to get all this done. When it comes to productivity and efficiency – ensuring minimum downtime and maximum functionality is key. If you’re either too busy or unsure about how to service your hydraulic press, don’t wait for the inevitable. Book a service for your hydraulic press in Australia with a professional maintenance team today.

Straightforward Manufacturing Tips That Help Your Business Grow

Manufacturing

Owning a business in the manufacturing industry can definitely come with a fair share of obstacles. In order for you to constantly rise to the challenges presented to you, it is important to think about the future of your business. The direction that your company takes will dictate whether or not you find the success you deserve. There are plenty of simple and straightforward ways you can improve upon your current manufacturing processes. Consider these suggestions and create a strategy that works for the future of your business.

Experiment With Your Products

The products that your business manufactures are the centerpiece of your entire company. If you didn’t have these products, you wouldn’t be in business. Still, there is always room for improvement when it comes to what your company manufactures. Whether you experiment with the design of your product or look for ways to expand an existing line with alternative options, there is a lot to be said for trying out new things. Though there are expenses involved with expanding your capabilities, you also stand to gain a considerable amount in the long run.

Consider Services to Make Your Life Easy

Since there are a ton of demands that come with working in the field of manufacturing, it can be useful to think about how you can receive a bit of help every now and again. There are plenty of amazing services available for you to consider for your manufacturing facility. A service like contract machining, for example, can make your life a lot easier by providing you with solutions to extend the bottom line of your facility. No matter what products you manufacture, you can definitely find services by third parties aimed at improving your experience.

Explore New Markets

Depending on the size of your manufacturing business, you might only deal with local clients. While this is fine for smaller organizations, you definitely want to extend your reach at some point down the line. Once you’ve moved to different parts of the state, start looking at other states you can move into. International markets are also key to your long-term success, as taking your products overseas can offer a ton of exciting opportunities for your future. Don’t limit yourself to local customers only and see what some growth can do.

Improving your manufacturing business is all about time and dedication. Give yourself a chance to consider the various options in front of you and discover the right fit for the future of your company.…