Manufacturers Overlook Profit Potential of Service and Parts, According to Advanced Technology Services
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Optimizing older manufacturing assets can reduce errors responsible for almost 50% of unnecessary rework, resulting in more profitability overall PEORIA, Ill.--(Business Wire)-- Often viewed as the cost of doing business, maintenance of equipment, including rebuilding and remanufacturing, are in fact an overlooked source of profits for many manufacturers. To help ease the burdens being felt by many financially strapped manufacturers across the country, Advanced Technology Services (ATS) has identified a source of lost profits that can be easily turned around. Optimizing older manufacturing assets allows manufacturers to significantly defer costs while keeping those assets running longer. "Many older assets produce scrap because of alignment problems," said Mike Fitzgerald, director of lean practices at ATS. "Being able to identify these issues and correct geometric problems within the machines can add years of useful function to most manufacturing assets." ATS is addressing these issues with a new program to help manufacturers keep assets running longer. The innovative product offering includes 5 specific services. By troubleshooting, aligning or remanufacturing mechanical components that are not repaired by in-house maintenance groups, companies stand to save significant money. ATS`s Specialized Reliability Solutions Group is dedicated to repairing most components associated with machine tools on-site or at ATS facilities. Fitzgerald said that precision measurements and adjustment of machine errors can correct problems that account for as much as 50 percent of scrap or rework. Instead of spending time and money shipping components back to the original manufacturer or a third-party service provider to be rebuilt or replaced, ATS`s system allows many repairs to be made on-site, resulting in significant cost savings, he added. According to Fitzgerald, serviceable components include: * Rotary Tables * Turrets * Ways * Slides * Indexers * Turcite, replacement/scraping * Gearboxes * Robot PMs In a down economy, manufacturers should be looking for ways to squeeze more productivity out of older assets. ATS also recommends that manufacturers look more broadly at services that provide a cost-effective alternative to replacement. "Faced with a highly competitive marketplace, manufacturers cannot afford extended downtime on critical machines or relying on machines that may not meet performance standards," Fitzgerald said. "Our clients are tapping into our five new service offerings as a way to cut costs and see immediate results." About ATS: ATS makes factories run better. Advanced Technology Services (ATS) improves the productivity and profitability for many of the world's most respected manufacturers through the managed services of production equipment maintenance, information technology and spare parts repair. Bornout of the need for American manufacturers to remain competitive in a fast changing global economy, ATS is the recognized leader in outsourced production equipment maintenance. For more information, visit ATS` website at www.advancedtech.com. Media Contact: Liz Torrez 312-255-3036 liz.torrez@hillandknowlton.com Copyright Business Wire 2009
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