How To Determine if You Should Repair or Replace Equipment

How To Determine if You Should Repair or Replace Equipment
  • Opening Intro -

    No matter which type of business you run, the problem of equipment breaking down you will be a common one that you will constantly have to deal with. Depending on who you talk to, people might try to convince you to repair the equipment, while others might tell you that replacement is usually the better option.

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No matter which type of business you run, the problem of equipment breaking down you will be a common one that you will constantly have to deal with. Depending on who you talk to, people might try to convince you to repair the equipment, while others might tell you that replacement is usually the better option.

We’re not here to tell you to go with one option or the other. Our goal is to give you the facts for each side of the argument and leave it up to you to decide. We hope that this guide on how to determine if you should repair or replace your equipment will be able to help you come to a better conclusion for your business.

The Argument for Repairing

Let’s start by going over why you should try to repair your equipment before giving up on it and going with a full replacement.

Most Repairs Are Small

You’d be surprised by how many companies give up on a piece of equipment the second something goes wrong. Typically, a short inspection can tell you that the problem isn’t that bad, and someone with the right tools and skillset could easily fix it. If a majority of the machine still works just fine, a small fix should be your first thought.

It’s Typically Cheaper

When you buy replacements for your broken-down equipment, your company’s budget will take a hit. It’s almost always cheaper to fix something rather than replace it. The only exceptions are if no one manufactures the damaged part anymore or if the machine keeps breaking down on you.

You Shouldn’t Give Up on It

Unless the machine in question is passed its prime, it’s likely worth trying to fix. We live in a society that is more wasteful than it should be. If something is repairable, you should at least try to restore it before completely giving up on it.

The Argument for Replacing

Of course, this wouldn’t be a fair article about how to determine if you should repair or replace your equipment if we didn’t fully cover the reasons why you should replace a broken piece of machinery.

It’s Safer for Employees

One thing you really need to consider when using machinery that keeps breaking down is whether it’s a safety hazard. The last thing you want is a lawsuit on your hands because you tried to fix a faulty piece of equipment that ended up injuring an innocent employee.

Time for Better Quality

Much of the time, a common reason for equipment to become damaged is that it was cheap. We’ve all gone with the economical options before, so there’s no shame in that. But if an item doesn’t last, replacing it with something higher quality might be a good option.

It’s Too Difficult To Fix

The final reason you may choose to replace broken equipment is that it’s simply too difficult to repair. For example, there are many reasons to replace a broken-down pallet jack scale, but if the scale is the problem, you should replace it without question. Scales are extremely intricate. Even if you managed to fix the scale, it likely wouldn’t work as well as it originally did.

Image Credit: How To Determine if You Should Repair or Replace Equipment by Adobe Stock #269629719

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Categories: Asset Management

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