The economy being what it is today, it has become a commonplace money-saving tactic to refurbish old equipment rather than to buy new and replace the old machinery. However, this is not the ideal decision to make in every case; there are some factors that should be considered in order to determine whether refurbishment or replacement is the best decision for your situation. They are as follows:
- What Refurbishment Means: Refurbishment entails replacing and re-assembling components of a machine in order to restore it to its original condition. This process is also frequently referred to instead as “remanufacturing.” Every single aspect of the machine should be considered during this process, which means that the end result is a machine that has been analysed inside and out to make it operate as if it is brand new. Not all service centres will refurbish a machine so thoroughly, though, although they should. This is why it is essential to pick the right service centre for your needs.
- Qualities of a Service Centre: Some service centres offer a flat rate fee to replace everything that needs replacing during the refurbishment process; others offer differing prices on a case-by-case basis, depending on your specific needs. The latter option is typically best, as it is usually more cost effective for the customer. In addition to that, it is best to find a brand-certified refurbishment centre and utilise their services, as they typically are willing to take more responsibility if something goes wrong post-refurbishment. Finally, it is important to ask the service centre about the standards they check their machines against in order to ensure you are getting the best service possible.
- The Right Time to Refurbish: Refurbishing, if done at the right time, on the right machines, and by the right people, is an extremely cost-effective option compared to replacement. The best candidates for refurbishment are mid-size and larger machines; anything more compact than that might be better off being replaced, as it holds a stronger resale value. In addition, refurbishment can take somewhere in the area of two months or more in many cases, so the right time to refurbish is when the facility can plan ahead for the downtime. As for after how long a machine needs to be refurbished, this can vary greatly depending on what the machine in question is. It’s best to ask the manufacturer for their advice.
- Refurbishment Benefits: Refurbishment is often an attractive option for companies due to the fact that it is often about half the cost of replacement. In addition, however, another benefit is the fact that it prevents the learning curve of getting a new machine, as workers can continue operating a model they are already familiar with.
- Expectations After Refurbishment: After having a machine refurbished, the machine should be expected to last about 80% of the time that it did brand new. To put it simply, if the machine was refurbished at 15,000 hours, then it should be expected to serve the company for another 12,000 hours.