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What challenges are industrial equipment manufacturers facing?

Views: 329     Author: Site Editor     Publish Time: 2021-06-24      Origin: Site

What challenges are industrial equipment manufacturers facing?

Industrial equipment manufacturing is also a strategic industry that provides technical equipment, such as compact bucket wheel excavators, for various industries in the national economy. It has the characteristics of high technical content, large industrial relevance, strong driving ability and low resource consumption. It is an important guarantee for industrial upgrading, technological progress and a concentrated manifestation of final combined strength. Therefore, the level of development of industrial equipment manufacturing is also an important foundation for an industrial power.

 

Today's manufacturers can no longer ignore the challenges faced by their industries, but need to actively respond to and overcome these challenges. The main difficulties that industrial equipment manufacturers may encounter include incomplete perceptions of their profitability, lack of insight into the supply chain, and ways to effectively collaborate among various stakeholders.

 

 

Technological innovation

 

One test faced by excavator bucket manufacturers is technological innovation. As competition between domestic and foreign companies is increasing, it is imperative for companies to increase R&D investment. Continuous technological innovation can bring higher sales and greater profits to the enterprise.

 

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Engineering challenge

 

In the manufacturing process, receiving change orders, recording the changes and converting them into engineering changes within the project can be a major issue. You need a structured process to handle engineering changes, and you can coordinate with the help of mobile access to ensure immediate action.

 

 

Cost accounting

 

In the process of selling industrial equipment, such as articulating bucket excavators, the salesperson is required to quote the reserve price. If the quotation is too high, it is easy to lose orders, and if the quotation is too low, it is impossible to obtain the profit due. This requires sales staff to learn more about research, so that companies gain more profit.

 

 

Funding problem

 

The operating, maintenance, and R&D costs of industrial equipment manufacturers are high. This requires a lot of financial support. If bank loans are not approved or allocated, the normal operation of the enterprise will be seriously affected.

 

 

Logistic issue

 

Manufacturing companies need to transfer a large amount of equipment and materials, including dozer undercarriage parts, quick attach bucket adaptors and etc., from the workshop to the production operation. If there is no guarantee of smooth logistics, this may cause the company to fail to operate normally. You need a device that can guarantee the enterprise, and the material will reach wherever you want it to go in the shortest time.

 

 

Cost issue

 

The surge in demand for industrial equipment, such as chipping bucket excavators and gummy bucket excavators, has created more development opportunities for manufacturing companies. At the same time, maintaining the stability of unit costs is also a major challenge. Therefore, maintaining or improving profitability will be the key to meeting this challenge. The establishment of an operational excellence team focused on eliminating or minimizing manufacturing process restrictions, improving production efficiency and generating the greatest bottom-line return based on specific profitability and value goals will help stabilize the costs of IE manufacturers.

 

 

Service issues

 

Good post-services can greatly improve the competitiveness of equipment manufacturers. In most cases, the scope of work of the manufacturing company may not end in project assembly or manufacturing. It may also involve transferring project results to a base that provides service opportunities such as maintenance, repair, and overhaul services, such as replacing excavator tooth adaptors and excavator track bottom rollers, or offering additional tractor implement pins. What specific service items are provided by equipment manufacturers and the financial issues involved are also a major challenge facing enterprises.

 

 

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