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Blog

Proper Capital Expenditure Planning

8/3/2022

 
Are you experiencing supply chain challenges when it comes to the maintenance of your facility? We know these challenges are not going away soon.

The way you conduct business will need to change for you to thrive. As a result, we're sharing five strategies you can implement to avoid delays created by supply chain challenges. Below is the first strategy you can implement.
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A foundational understanding of when to replace equipment is built by having a clear accounting of:
  1. Current equipment conditions
  2. Equipment quality vs. the application and cycle usage
  3. Performance in every environment to determine the life expectancy
    ​
Ideally, a maintenance program is in place that includes a detailed inspection with proper asset configuration. This includes date of manufacture and the needed details to build this foundation of information. “Lead time increases” vary greatly in the dock and door industry, so knowing what to expect is important. For example, many (not all) dock leveler manufacturers are facing “lead times” nearing 1-year, consequently ordering equipment will need to be done much sooner than in the past. In addition, the employee, raw goods, manufacturing shortages, and shipping delays are likely and should be expected. Factoring in the uncertainties listed above for equipment purchases/updates is a great practice.

Typically, you don’t have failure before your new equipment arrives, and if it arrives early that’s OK. If you’re still skeptical about ordering early, ask yourself these questions:
  1. What is the cost to your organization caused by down equipment?
  2. How does down equipment affect your relationship with your client’s or partners?

Compare the amounts from the questions above with the cost of buying an asset a few months earlier and consider the total in costs when you don’t take “lead times” into account.

No one likes surprises, why create one more?

P.S. See more tips like this on our LinkedIn page.
FOLLOW US HERE

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Dock & Door Tec
Serving Minnesota, Wisconsin, Iowa, North Dakota & South Dakota
  • Home
  • About
    • Accreditation
    • Community
    • Our Story
    • Our Team
    • Case Studies
    • Testimonials
    • The Dock & Door Tec Difference
  • Career Opportunities
    • Dispatcher / Scheduler
    • Administrative Assistant / Receptionist
    • Service Technician
    • Account Manager
  • Services
    • Springless Solutions
    • Enlarged Openings / Concrete Work
    • Facility & Equipment Analysis
    • Fire Door Drop Testing
    • Loading Dock Equipment Installation
    • Loading Dock Repair
    • Proactive Maintenance
    • Service Areas
    • Request Service
  • Equipment
    • Dock Locks (Truck Restraints) >
      • Impact
      • Non-Impact
      • Non-Conventional
      • Wheel Chock Systems
      • Pit Hooks
    • Fans & In-Plant Equipment >
      • HVLS Fans
      • HVHS Fans
      • Trailer l Dock Fans
      • Lifts, Various
      • Vertical Reciprocating Conveyor
      • Mezzanine Platform
    • Industrial / Commercial Doors >
      • High Speed Fabric Doors
      • Security High Speed
      • Rubber Doors
      • Fire Door
      • Rolling Steel
      • Impactable Dock Doors
      • Cooler / Freezer
      • Fabric Roll-Up
      • Impact / Traffic / Bump
      • Overhead / Sectional Doors
      • Operators / Activation
      • Air Curtains / Screen & Bug Doors
      • Strip Doors
      • Door Entrapment Protection
      • Door Protection
      • Overhead Door Upgrades
    • Loading Dock Levelers & Lifts >
      • Hydraulic Levelers
      • Air Powered Levelers
      • Mechanical Levelers
      • Edge of Dock Levelers
      • Cold Storage Telescoping Lip / Vertical Storing & Rail Car Levelers
      • Dock Lifts
      • Dockboards, Dockplates & Dock Ramps
      • Bumpers
    • Loading Dock Seals & Shelters >
      • Dock Seal & L-Pad Seal
      • Soft-Sided & Rigid Shelters
      • Specialty Enclosures
      • Under-Leveler Dock Seal
      • Rain Stops l Canopies
    • OEM & Aftermarket Parts
    • Safety / Energy / Security / Employee Comfort >
      • Energy Saving / Employee Comfort
      • Security Solutions
      • Safety Straps / Barrier Systems
      • Dock Lights & Communication Lights
      • Trailer Stands
    • Yeti Snow Removal
  • Markets
    • Food & Dairy
    • School Districts
    • General Contractors & Architects
  • Blog
  • Contact