Time is money: Another case of pay-me-now-or-pay-me-later
This one is for you Mr. Plant Manager or CEO. Especially if your company is publicly traded company you are very familiar with how tight money appears to be when it comes to funding projects that involve machinery and condition monitoring, which do not have a ½ to a 1 year ROI – it is virtually impossible to bring them alive. I have seen projects not make it even though they would have saved the company tenths of thousands of Dollars in power savings, cooling water elimination, repair reduction etc. You also know that little expense is spared when production is down because a machine broke that sometimes does not even need to have been a critical piece of equipment. Bunches of money are then spent trying to expedite the repair or replacement. Ironic, is it not?Â

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