A significant number of manufacturing plants are more than 20 years old, with legacy automation systems reaching predicted end-of-life.
Are you one of those plants?
If you are, then it’s time to consider how your organization will address obsolescence risk and meet the increasing demands of the one billion* new middle class consumers who will add $8 trillion to consumer spending by 2020.
In those conversations, if you’re using the terms “upgrade” and “modernize” interchangeably, we should talk about the differences: because knowing what you need, and when you need it, might make the difference between meeting your productivity goals or experiencing prolonged downtime.
- Upgrade: Focus on a specific machine or line to address outdated technology. Usually a smaller investment that provides a one-for-one replacement of aging products for a modern versions.
- Modernization: Applying contemporary technology to address obsolescence, improve productivity and setting the foundation to meet both current and future business objectives. Typically a larger investment with a higher return over time.
Is Modernization Right for You, Right Now?
If you’re contemplating whether to upgrade or modernize, ask:
- Are we able to meet continuously changing consumer demand? (Modernize)
- Do we need to cut operating costs, improve productivity or reduce downtime? (Modernize)
- Do we need to have end-to-end visibility of our operations to be more responsive? (Modernize)
- Do we want to access to data to identify process improvement opportunities? (Modernize)
- Is our manufacturing systems able to meet the challenges of modern manufacturing? (Modernize)
- Do we need to migrate from a discontinued product to reduce risk? (Upgrade)