It is important to consider the true long term cost of ownership when purchasing new vibration equipment. Most companies focus on the initial purchase price and not on the long term cost of this type of equipment. The cheapest or the most expensive equipment is not always the best long term choice.

It is important to consider the cost for upgrades, support, calibration and service of this equipment. Also, it is critical to consider the cost to upgrade this equipment as your needs change over time. Specific questions should be asked of yourself and the vendors whom you are considering for this equipment purchase. Can the equipment be upgraded? Does the equipment have to be completely replaced when upgraded? Can you easily upgrade the equipment in the field or does it have to be returned to the vendor for an upgrade? What is the cost of these upgrades? Can the equipment be purchased in a scalable way? Purchasing equipment that is scalable will save your company money now and in the future. It allows you to purchase the same device for all employees, but only purchase the range of features that each user of the equipment requires. It allows the features of each device to be easily upgraded as the skills and needs of each user increases over time. This saves money now and in the future! Does the hardware and software allow you to achieve your facility and corporate goals? For example, can the software generate the required matrix reports that allow your facility to track improvements over time? Does the software support corporate standards for alarms, measurement criteria, and etc? Does the software and hardware communicate to your CMMS software? Can the software import data from other technologies?

Each of the questions above is very critical to the long term success of your reliability program. Each of the questions above will determine the actual long term cost of ownership of the equipment you are considering for purchase.

Tip provided by:LUDECA, INC.
Tel: +1 305.591.8935

Upcoming Events

August 9 - August 11 2022

MaximoWorld 2022

View all Events
80% of newsletter subscribers report finding something used to improve their jobs on a regular basis.
Subscribers get exclusive content. Just released...MRO Best Practices Special Report - a $399 value!
“Steel-ing” Reliability in Alabama

A joint venture between two of the world’s largest steel companies inspired innovative approaches to maintenance reliability that incorporate the tools, technology and techniques of today. This article takes you on their journey.

Three Things You Need to Know About Capital Project Prioritization

“Why do you think these two projects rank so much higher in this method than the first method?” the facilitator asked the director of reliability.

What Is Industrial Maintenance as a Service?

Industrial maintenance as a service (#imaas) transfers the digital and/or manual management of maintenance and industrial operations from machine users to machine manufacturers (OEMs), while improving it considerably.

Three Things You Need to Know About Criticality Analysis

When it comes to criticality analysis, there are three key factors must be emphasized.

Turning the Oil Tanker

This article highlights the hidden trap of performance management systems.

Optimizing Value From Physical Assets

There are ever-increasing opportunities to create new and sustainable value in asset-intensive organizations through enhanced use of technology.

Conducting Asset Criticality Assessment for Better Maintenance Strategy and Techniques

Conducting an asset criticality assessment (ACA) is the first step in maintaining the assets properly. This article addresses the best maintenance strategy for assets by using ACA techniques.

Harmonizing PMs

Maintenance reliability is, of course, an essential part of any successful business that wants to remain successful. It includes the three PMs: predictive, preventive and proactive maintenance.

How an Edge IoT Platform Increases Efficiency, Availability and Productivity

Within four years, more than 30 per cent of businesses and organizations will include edge computing in their cloud deployments to address bandwidth bottlenecks, reduce latency, and process data for decision support in real-time.

MaximoWorld 2022

The world's largest conference for IBM Maximo users, IBM Executives, IBM Maximo Partners and Services with Uptime Elements Reliability Framework and Asset Management System is being held Aug 8-11, 2022