One of the keys to constant success in any company is the ability to be innovate and stay one step ahead of competitors. In the manufacturing sector, this is usually done through continuous improvement efforts to increase efficiencies and decrease costs. However, companies can also gain an edge through investment in new equipment and technology.
Capital investments in equipment and technology for a company can provide multiple benefits. For one, the expansion of capabilities will allow a company to better serve their existing customer base, while also opening doors to new industries and opportunities. Another benefit comes in the form of increased capacity. More machines, more jobs running at the same time. Plus, new equipment is usually accompanied with new innovative technologies. Whether it be new software, easier programming procedures, or a new data sharing capability, these advancements help a company improve their efficiencies, which allow for lower costs and higher profits.
An investment in new equipment also shows a company’s willingness to invest in its workforce. By putting money back into the business, management is sending a message to its workers that they understand the importance of staying competitive in the market place. It shows that with the right tools, management believes the people can take the company to new heights. As an employee, these purchases indicate that your company recognizes your work and wants to see even more. Additionally, an investment in new equipment gives employees opportunities to learn new things. New machines mean training on procedures and processes, and even involve learning new technologies, which increases an employee’s overall knowledge base. Finally, new machine purchases are a sign that the company is in good shape financially, which typically indicates job security.
With these ideas in mind, we at Ashley Ward are extremely excited to announce an increase in our machine inventory through the purchase of nine new state-of-the-art machines. These nine machines will be implemented and utilized in all machining departments. We have purchased five Davenport multi spindle screw machines, one CNC lathe, one CNC production mill, one vertical broaching machine, and one centerless grinding machine. These acquisitions will aid in keeping us ahead of the game and allow us to continue producing quality parts on time, every time, for our customers.
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