How can a factory owner know which equipment is right for their business? Read our buying factory equipment guide to find out.
1. New or Used?
The first thing to consider when buying factor equipment is if you want new or used items. You don’t have to opt for all new or all used, you can always mix things up if you find a good enough deal.
If you are in the business with a small budget, buying used is probably your best bet. Although this is a good option, be wary of the machines you buy used. Do the research and thorough inspections before making a purchasing decision.
Some providers will give you a warranty on both new and used machines. Take that into account when checking your factory equipment budget.
For example, if you need a pallet truck, check the new and used options along with the warranty.
2. Price Comparison
Comparing equipment prices is another important consideration to make. When looking for a specific machine, don’t go with the first one you find. This is especially true if you are looking at new machines.
Always check the features if you are buying a used machine. Generally, the lowest-priced used machine is not going to be the best option. However, the lowest-priced new machine is probably just as good as the others.
3. Installation and Training
Equipment for factories may need to be installed by a professional. You may have to take the installation service fee into account when creating a budget. However, some companies will install your new equipment free of charge.
If a free installation is something important to you, it is best to shop around for the right company.
Companies may offer on-site training to your and your employees for an extra cost as well. This ensures the machine is used correctly so the fee is always worth it.
4. Space Requirement
Factory equipment providers can tell you how much space a machine will take up. This is an important consideration to make but often overlooked by factory owners.
Not only do you need the correct dimensions, but you also need to know how much space the machine will take to operate.
5. Power Requirement
Knowing how much energy consumption a machine takes up is a major consideration. When you check the consumption rate, run it for 8 hours. This will help you calculate the cost of energy during production.
If the machine doesn’t use a domestic phase to operate, you’ll have to arrange commercial electricity. This requires a larger investment and is more time-consuming than the domestic option.
Buying Factory Equipment Explained
When buying factory equipment, your budget will make a lot of the decisions for you. Once you have the budget set, you can start doing more research into the specifics.
By following this guide, shopping for equipment for your factory will be easy. If you’re looking for more reads like this, check out the other articles on our blog.