Industrial equipment utilized in your small manufacturing business and production processes is an asset to safeguard. While newer equipment can simplify maintenance and even alert the owners when it's time to undertake preventative maintenance, older devices can be more difficult to maintain. Maintaining industrial equipment in good operating order is not something your company can afford to overlook.

Let’s have a look at some of the ways in which you can maintain your machines:

• Learning more about the heavy gear and equipment that your firm uses on a daily basis might be a crucial first step. Essential steps include educating equipment operators on how to correctly operate the equipment and ensuring that plant-maintenance workers have been trained on how to check, appraise, and repair the equipment. Your owner's manual, as well as any other documents relevant to your device, can provide a wealth of information.
• Regular servicing and maintenance of huge machinery used in your small manufacturing business will fix many problems before they become apparent, and spotting problems early will allow you to perform minor repairs before they become much larger and more expensive.
• Machinery service contracts also provide you with access to a service and repair technician who can do repairs on the spot. It can be tough to get repairs done on schedule if you don't have a good relationship with a service and repair firm. Furthermore, dealing with an unfamiliar repair firm hired at the last minute may cost you more money than working with a company knowledgeable about your small manufacturing business and machines.
• Regularly have your in-house service specialist for small manufacturing business check all moving parts, such as power transmissions and gears, and see if they need to be lubricated.
• Seals, gaskets, bearings, v-belts, and pulleys wear down due to friction. If necessary, these should be replaced
• Bolts can elongate and creep with time, so perform torque checks on them.
• Check sprockets for breakage and proper meshing with roller chains.
• As purchasing new machinery for your small manufacturing business is a significant financial commitment, it's critical to protect yourself against machinery failure as much as possible to ensure that the machinery will live long enough for the return on investment to materialize. To obtain a better deal, make sure you negotiate the terms and length of your warranty up front, and keep the terms in mind if something goes wrong. To prevent paying for repairs that should be covered by the manufacturer, make sure you understand what the warranty on the apparatus covers.
• Overutilization of your equipment or neglecting to operate machinery safely and effectively can greatly raise the likelihood of a breakdown or other mechanical issue. Even the most diligent preventative maintenance efforts may be rendered useless if your workers and employees fail to adhere to operational requirements. Even though manufacturing equipment is normally quite durable, inappropriate use can shorten its operating life.
• While repairs will not be necessary every day, a professional can instruct all employees on how to properly use the machinery to prevent wear and tear, as well as teach certain employees how to perform minor repairs.

At Kinara Capital, we understand how essential machines are for your business. We give loans to buy used and new machinery. MSMEs engaged in manufacturing, trading and service sector can avail loans up to INR 30 Lakhs. We provide asset purchase loans within one day without any property collateral.

Written by

Team Kinara

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• Machinery loans
• Asset Purchase
• Instant business loan
• Machine financing