How to Implement Heavy Equipment in Your Company

Monday, April 23, 2018

How to Implement Heavy Equipment in Your Company

As your business grows, there will come a time when you may feel you need to invest in some heavy equipment to increase productivity. Whether it’s forklifts for your warehouse or machinery for manufacturing, outfitting your place of work with heavy machinery, vehicles, or equipment can involve some critical decisions on a tight budget.

Here are some suggestions making effective choices, both for implementing and financing the machinery, as well as making its use secure for your employees.

Identify Opportunity

Any business purchase should be weighted in terms of risk and ROI. Before you invest in heavy equipment, you must take the time to do some operational analysis and identify what advantages you hope to gain that justify the costs. Whether you hope to ramp up output, expand facilities, or introduce new product lines, browsing the inventory of equipment companies can suggest many options for increasing efficiency or maximizing storage.

Purchase Decisions

Once you’ve determined what equipment you need to meet expectations, your options are essentially to either purchase or lease what you need. Your company may be able to find investors or lenders to back major purchases. You might consider purchasing cheaper used equipment, but your maintenance costs will be higher, and your efficiency lower if the machinery is outdated. Leasing will be cheaper upfront but more expensive in the long-term. Which path you take depends on your available funds and your projected budget for the near future.
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Employee Training

Depending on what sort of equipment you plan to purchase, employee training may be advisable or even critical. Forklifts, for instance, can be quite dangerous to bystanders, both due to poor operation or poorly stacked materials. Ensuring that all operators are properly trained in safety practices and taught adequate skills could save you from potential losses such as personal injury lawsuits and damaged goods.

Heavy Equipment in Your Company

Other Factors

There are other things to consider when implementing new equipment. Heavy vehicles and machinery will require plenty of floor space so that employees can maneuver safely around it without being in the way or endangering their own safety. It’s important that you also plan for factors such as fuel emissions or additional wiring, and organize your floorplan so processes are done with minimal wasted movement. You might at future point wish to add tracking equipment such as cameras or sensors, and integrate it with production or inventory software.

Look upon your equipment purchases as you would any technology investment. If it will satisfy your business needs for a reasonable cost and still be useful well into the future, heavy equipment purchases are the right step. Make sure also to insure any equipment you buy, and keep it in good condition so that it will last you for years to come.

By  Dixie Somers

Author Bio - Dixie is a freelance writer who loves to write about business, finance and self improvement. She lives in Arizona with her husband and three beautiful daughters.


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