Equipment Modernization & Upgrade

Whether you are building an enterprise web portal or a state-of-the-art website, you always need the right modern tools. Well-built and maintained PHP frameworks provide those tools maintained PHP frameworks provide those tools in abundance, allowing developers to save time, re-use code, and streamline the back end. As software development tools continuously change to follow the latest. Despite the competition from startups and the ever-present economic challenges, the banking industry is gradually adopting what the latest technologies have to offer.

From cloud technology to cyber risk management to machine learning in investment banking, join us as we explore the banking industry trends for 2019 and beyond. Cloud is one of the current banking industry trends as well.

May 5, 2019
Technology, Design

Every year, organizations all over the world face the choice of maintaining their old equipment or replacing it with new technology. The decision to modernize includes some very important questions regarding how, when, and why to do it.

Automation Modernization

In the world of industrial automation, “automation modernization” is a process with which to address system maturity. No technology, regardless of how innovative, can last forever. The simple fact is that it’s not a question of if but when. Modernization means upgrading your factory, your equipment, and your components to promote enterprise-wide information sharing, globalization, and sustainability.

  • Modernization can be proactive or reactive.
  • Modernization can be plant-wide or line by line, cell by cell.
  • Implementation plans to modernize can vary from company to company, based on available capital and business conditions.

Make Equipment Upgrades Over Time

Modernizations don’t happen overnight. There is a right way to modernize, and when done properly it can help improve your asset utilization and system performance. Most of the successful modernization plans we have seen occur somewhere around the three- to five-year time frame and are organized to minimize downtime and keep the plant up and running.

Improving productivity is one of the deliverables and expectations of modernization. Productivity gains can be realized through intelligent plant management and connected machines. Equipment that is already being upgraded can be seamlessly integrated to the rest of the enterprise through the use of up-to-date Ethernet ports. Having machines talk to the rest of your enterprise lets your team make data-driven business decisions to improve manufacturing productivity, OEE, and profitability.

Plan for Modernization

When modernizing and making equipment and machinery updates is important to estimate   the worth of the time spent on the equipment as well as the schedule that allows for more down-time without interrupting or totally stopping company’s operations.

GlobKlasse Corp. has the tools to allow end users to cross-reference their vital components to see a life cycle status and modernization options. In the months before the upgrade, our teams analyze the equipment history, repair history, and maintenance schedule, along with the availability of spare parts and other replacements. 

Planning Tips
  1. Be proactive: It’s easier (and less costly) to plan a change than to react to a breakdown.
  2. Take manageable bites: Gauge the size and availability of your team. If you honestly can’t feasibly handle changing all equipments, sometimes it’s better to combine a plan of maintaining some equipment while upgrading others.
  3. Build on your success– Some organizations have been successful by starting small with a piece of non-critical equipment to get a proven process under their belt and developing a winning record before moving on to their more challenging projects.
  4. Don’t be afraid to take your time: If your team and your business environment allow, it is not uncommon to have modernization plans that stretch out over many months or even multiple years.
  5. Don’t fear change!

Leave a Reply