In manufacturing, unplanned equipment downtime is one of the costliest things that can happen. When a machine breaks down, the business’s overhead skyrockets while revenue decreases. Without any output, no value is produced, but the company continues to incur labor expenses and must pay for machine repairs. Some studies have shown that in the past three years 82 percent of companies have experienced unplanned downtime costing as much as $260,000 an hour.
With profitability at stake, it’s no surprise that service and repair companies across all manufacturing industries continue to thrive. When unexpected breakdowns occur, manufacturers have no time to waste. In sectors such as automotive, industrial machinery, and information technology, some machine servicing companies have become four to five times larger than the original businesses.
While many prefer the Original Equipment Manufacturer (OEMs) handle all equipment repairs, the success of the aftermarket automotive industry (which is expected to exceed $1.4 trillion by 2024) has shown that there are plenty of organizations willing to turn elsewhere for quality repairs.
To keep up with the demand for equipment servicing many OEMs are turning to trusted independent repair providers. In addition to offsetting the workload, there are many unique advantages that only outside spindle repair specialists like GTI Spindle can provide; when searching for an independent service provider, it’s important to find a company that excels at the following areas.
For many OEMs, independent service providers offer much-needed support in areas where they otherwise have limited coverage. To decrease shipping costs and lag time, many OEMs utilize equipment repair specialists that are located closer to the customer. Many companies can provide on-site emergency repair to get machines up and running as soon as possible, which increases customer satisfaction and improves productivity uptime. For OEMs, having a trusted service provider is about forging a strategic partnership that enables them to maximize profits by efficiently repairing products and returning them as good as new.
Independent repair providers are experts at addressing the customers’ needs in a quick and streamlined manner. Because of their lean and efficient practices, they’re able to provide OEMs with a quality repair service that’s also economical. Independent providers can repair, rebuild, remanufacture, retrofit, and upgrade any part presenting a problem. Due to their volume of work, many independent repair specialists are better suited to solve specific repair problems than the OEMs themselves.
Access to Predictive Maintenance Data
Many independent repair companies have access to predictive maintenance data through IoT devices that can streamline supply chain management and diagnostic processes to reduce delivery times for faulted parts. In addition, OEMs can benefit from maintenance insights and real-time monitoring that independent repair companies utilize on a daily basis. Overall, IoT-based automated data collection reduces the time needed to gather information and increases workers’ productivity, which is a crucial part of digitizing the maintenance workforce. This helps minimize backlog and ensure a timely return to production for customers.
Contact the professionals at GTI Spindle Technology to learn how you can leverage our expertise and spindle repair services to strengthen your position in the marketplace by becoming an OEM partner with GTI.
About GTI Spindle Technology
At GTI Spindle Technology, we specialize in high-quality spindle diagnosis and repair. Getting your business back into full operation and minimizing downtime is our mission. We offer in-house, on-site, and emergency assistance for machine tool spindle failure analysis, spindle repair, and complete spindle testing. With an extensive range and expertise in a diverse group of industries, our customers know that they are getting the highest quality of spindle repair and customer service. Click here to find out more.