Bespoke machinery is initially more expensive than generic or secondhand machinery but is more economical in the long run. Investing machinery for your business requires many considerations particularly in relation to your budget. Business start-ups are more likely to purchase second equipment due to having less cash flow.
Generic or secondhand machinery enables companies to kick start their production lines and automate their system. This increases production and cash flow allowing them to expand their customer base and recover their initial investment. Secondhand machinery usually becomes available because of manufacturers purchasing bespoke machinery.
Businesses generally purchase bespoke machinery because generic or secondhand machinery is slowing production. Custom machinery increases production because it doesn’t require amendments to fit it to the job in hand. Purchasing bespoke machinery is a sign your business is doing well and anticipates future expansion.
Bespoke machinery increases productivity because it is designed for a specific job and process. This is cost effective because the machinery requires fewer people to use it and doesn’t need any adaptations which are both costly and time-consuming. Manufacturers are able to make better use of their staff by setting to them to work on other tasks which are beneficial to production.
Manufacturing using bespoke machinery is more accurate because it reduces the incidents of human error. This is due to the machinery being fully automated decreasing the need for human intervention, Custom designed machinery also reduces waste because there is less likely to be a malfunction in the production of goods.
The overall cost of bespoke machinery is much lower than we are commonly lead to believe. Custom designed machinery is actually much more economical once you take into consideration the accuracy, automation and the efficiency of the process. The savings translate as lower wage bills, energy use and optimising the use of materials.
Bespoke machinery is much more streamlined than having a number of work stations performing an individual task. The production line is much more automated resulting in savings in all areas and is much easier to use than generic machinery.
With all great ideas, there is always a payoff where compromises have to be made. Fortunately, with bespoke machinery, there are very few. Companies benefit greatly from reduced staffing costs which is not such great news for job security. The efficiency of bespoke machinery requires fewer people to run it which may result in redundancy and less job security. This may not always be the case as businesses can use staff availability to their advantage. They can take the opportunity to train staff and reduce workload resulting in high staff morale and well being.
The high upfront costs need to be taken into consideration. An analysis needs to be made as to whether the company will financially benefit from investing in custom machinery. Deciding to upgrade to bespoke machinery should only happen if it increases productivity and revenue for the business.
Manufacturers must take technical development into consideration when they commission their bespoke machinery. Anticipating future developments and consulting your supplier will help you to future proof your production line.
If you would like to find out more about bespoke machinery contact us and we would be happy to discuss your project.