Whatever industry you’re if you are running machinery it’s essential that it’s maintained and serviced regularly. If this doesn’t happen you leave yourself open to mechanical failures, delayed deadlines and ultimately loss of income or lost customers.
Despite manufacturers knowing this a report at the end of last year from Bosch Rexroth in conjunction with the Institute of Engineering and Technology revealed that the maintenance budgets of more than 50% of the responding manufacturers had stagnated or even reduced over the last 5 years.
This is a worrying statistic when you consider that many manufacturers have not only increased the amount of machinery and equipment they use, but that machinery has also increased in complexity. Continue reading