Cutting Your Costs by Not Cutting Corners

Column:Industrial News Time:2018-11-07

How important can the right lubricant be to your company‘s bottom line?More than you might think.Because lubricants typically make up only 1% of a company’s total operating costs,many lubrication programs do not receive the attention they deserve.However,the surprising truth is that the lubricants a company choose can have a significant impact on high-visibility and high-value line items such as energy,labor and equipment costs.

Price versus cost is the topic  forever.Now that you have a firm grasp on the true cost of your company‘s lubrication program,the next step is to evaluate where savings are possible.Let's take a more in-depth look at the factory involved.Firstly ,increased productivity is the name of the game.If you have to bring a machine down once a shift specifically to relubricate,that’s money taken away from the bottom line every shift.Secondly,reducing maintenance costs and operating expenses.Proper lubrication can help your machinery and its compents last longer,which means less money spent on repairs or rebuild.Your equipment is a major investment and should be maintained accordingly.What‘s more,the right lubricant equals less required energy,leaving you with a lower energy bill .All of which saves your bottom line.