OTC Insights Team
Established in 1963, OTC Industrial Technologies is one of the largest industrial distributors & service providers in the United States. We're committed to seeing industrial operations advance through expert technical solutions & unmatched support using our years of experience.
With a new year, it’s time for organizations to start thinking about how to set their business up for success.
The team of experts at OTC Industrial Technologies has been monitoring the impact of supply chain issues, as well as the maintenance, equipment, and technology opportunities that manufacturers should consider in 2023. Here are the tips, trends, and technologies that can make next year the best year ever for your company.
Preparation, Maintenance, and Inventory
Because of the ongoing supply chain struggles, preparation, service, and maintenance are extremely important now more than ever for organizations when it comes to their equipment. You can’t work without equipment in good operating order, and you may have a long delay before replacement equipment arrives. Taking the necessary steps to maintain and optimize your industrial pumps and motors can really make all the difference in allowing them to last longer.
Additionally, planning is extremely important to consider as your organization is growing and using industrial pumps. Look ahead at future needs and order early. Keep critical replacement parts on hand and identify parts you use frequently.
Be proactive. With the struggles of the supply chain, it is important to plan for technology and equipment upgrades to ensure that they can be completed both quickly and effectively.
Continuing Impact of Supply Chain Disruption
As the COVID-19 pandemic continues to progress and the effects from the supply chain shutdown continue to linger in our global economy, there is no doubt that organizations will continue to battle issues. Furthermore, the demand for steel is at an all-time high, which puts industrial pump and motor producers at risk.
Make sure to rely on not only manufacturers, but distributors as well. Especially during these difficult times, you may find an alternate equipment or machine solution that you can get in much quicker than the original replacements. Work with a supplier who understands the market and technology and can provide equally viable solutions.
Service Solutions to Expedite Uptime
As you work through the challenges and crises that come with manufacturing, you may need to rely on suppliers and providers that can not only sell equipment, but also repair and service what you already have.
In the past, as equipment aged, you may have initially decided to just purchase new machinery. Today, a refurbished solution or a detailed repair of the equipment you have on hand may be a better, more efficient, and cost-effective answer.
Look for suppliers that provide end-to-end services. They can provide a wealth of options, whether basic maintenance, repairs, or sales of a new unit, to help you meet your goals as quickly and efficiently as possible.
Managing the Challenges of the New Year
Today, the organizations that see success may be the ones that can best manage a challenging business environment. That means preparing for difficulty and seizing on an opportunity when it comes up.
You may not be able to directly control the impact the supply chain and other issues have on businesses, but good preparation, planning, and continued maintenance of equipment can help ensure your business stays afloat. One of the most important actions an organization can take to combat potential issues is to actively maintain its equipment and build a relationship with trusted suppliers.
OTC Industrial is one of the largest industrial distributors and service providers in the country. With years of experience, the team of experts provides solutions from industrial motion control to compressed air systems. If you're beginning to plan for 2023, reach out to the team for help today!