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We all appreciate the need to squeeze every last ounce of worth out of existing equipment, but when faced with the challenge of reducing operating expenses, it may be helpful (if counter-intuitive) to look at buying new equipment. 

 

The latest developments in technology could have surprisingly far-reaching benefits and achieve the savings you’re looking for.  For example, there is the obvious energy savings of using newer technology, then add the accompanying reduction in downtime, and it’s a double whammy!

This is the second in our series looking at reducing operating expenses and here we will be examining what is ‘Total Cost of Ownership’ (TCO), why it is so often overlooked and undercalculated and what you should consider in your TCO calculations.

Let’s face facts, humans are the most likely component to add an error into a system.  They can become complacent, bored and switch off, even momentarily, leading to errors.  And when it’s a repetitive task they are being asked to perform, the chances of something going wrong is much higher.

We are living in a connected world.  From the phone in our hands, it is possible to control smart household appliances remotely, and many of us sport the latest wearable devices that monitor our every move, and delights on reporting back to us how active (or not) we have been.

This is all possible because of the Internet of Things.  Take this one step further to the Industrial Internet of Things (IIoT) and below we can see how this technology is enabling companies to provide superior service to manufacturers.

The pressure is on manufacturers to meet greater demands, deliver on time, within budget and work to regulations – all while keeping costs as low as possible.  In the manufacturing context, a good service regime should be in place to avoid costly downtimes and keep the lines running optimally. 

Do you already comply with the new EU regulations that come into force on 14 December 2019?
All wholesale growers of pot, bedding and container plants will be subject to the new requirement, including the trade companies that handle these products within the EU.

All coders should be reliable, easy to use, and apply high-quality batch and date codes onto a range of products – but each sector has its own specific requirements. For beverages, one stands out above all: the ability to code effectively in a wet environment.

In the current packaging and the environment debate, plastic is one of the biggest talking points. Raised public awareness about plastic waste has led to sales drops in plastic-packaged goods , while our own consumer research recently found that 89% of Brits are concerned about the impact that soft drink packaging has on the environment.