It’s the worst thing that can possibly happen to your business, and there is no chance of it ever happening at a good time, breakdowns. Your machinery, computers, even your security systems can suffer from faults from time to time, and while the concept of ghosts in the machine is something that we need to accept will happen from time to time, the impacts it can have on the rest of the business can be catastrophic. It can seriously reduce productivity, and if you have demands to fulfil, it can mean a delay in shipment, causing a chain reaction of problems. So what can you do to make sure that these issues are reduced as much as possible? It is a combination of insurance, utilizing alternative resources, and, most of all, prevention.
Maintenance is the first thing to really take on board, and with every piece of equipment you buy, there will be a recommended maintenance schedule. If you comply with this, it will help to prolong the shelf-life of your products and keep your warranty protection in place. There are businesses that may rely on purchasing used products, and while these may not be as reliable as the ones bought outright, they still have to pass certain safety checks.
Making sure your machinery on-site is maintained with regular checks is the key thing. For factory businesses and manufacturing sites where the reliance on a conveyor belt-type system is paramount to the overall productivity, having alternative means for power sources, and contingency plans in place will help to keep the business running (and the conveyor belt moving). It is a fact of life that when something breaks down that it is likely to be a small thing that causes the whole piece of equipment to malfunction. Supplies on-site will help to rectify these issues but to also have a reputable contact on speed dial to help with key functions that cannot be fixed with a screwdriver! For example, having a company that specializes in hydraulic cylinder repair and can fix it with a quick turnaround will give you peace of mind, especially when it is such a key part of your whole process. Having a list of specialized contacts for specialized pieces of machinery should be high on your list of contingency plans.
And while it shouldn’t be your first line of defense, you need to have equipment breakdown coverage as part of your insurance policy. There are policies that can pick up the cost of fixing a broken item and possibly pay for property damage related to the breakdown. Without a breakdown plan, you could potentially be out of business before you collect on the insurance policy! Make sure to consult with your insurance agent about the various types of breakdown coverage you are entitled to. Without a backup plan, especially if you rely on equipment for the bulk of your work, it can make a massive difference to the success of your business and for business morale. After all, workers need to feel secure in the company they are working for, so make your equipment secure.