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Supply Chain Constraints & the Metal Fabrication Industry

June 7, 2022 By Engs Commercial Finance

Supply Chain Constraints affecting the Metal Fabrication Inudstry

The current state of the economy has caused supply chain constraints to become a significant issue for businesses in a variety of industries. The metal fabrication industry is one such example. Due to shortages of steel, aluminum, and copper, metal fabricators are finding it increasingly difficult to obtain the materials they need to produce their […]

Filed Under: Blog, Industrial, Working Capital

Machine Tool Crashes: Big Problem, Bigger Solutions

February 24, 2022 By engsinsurance

Machine Tool Insurance

The most crucial part of your CNC machine is not the cutter. It’s not the lathe or the tools or any of the parts you can buy online. The most crucial part of any CNC machine is the programmer. It’s also the part that has the potential to cause the most problems! Even the best […]

Filed Under: Blog, Industrial, Insurance Tagged With: Commercial Equipment Insurance, Equipment Insurance, machine shop, Machine Tools

Aspiring To Be A Leading Manufacturer? Uptime Is Key

February 12, 2022 By Engs Commercial Finance

Predictive Maintenance in Industrial Equipment

We all know that in manufacturing, when the machines aren’t running they’re not making money.  We spend a healthy portion of human resource time on selling our services and products to fill the shifts, and another portion on repairing and maintaining equipment.  Wouldn’t it be great to spend less time fixing and more time running […]

Filed Under: Blog, Industrial Tagged With: Industrial Equipment, Industrial Equipment Technology, Manufacturing

Improving Just-In-Time Manufacturing with Better Data

January 18, 2022 By Engs Commercial Finance

Buying new equipment for a new manufacturing facility

For manufacturers, the year 2022 began with some unique challenges not felt since WWII; global supply constraints of raw materials. Now manufacturers are looking for ways to do more with less, including efficiency to run fewer shifts or faster and more accurate equipment given limited raw materials, leaning deeper into just-in-time (JIT) manufacturing, but with […]

Filed Under: Blog, Industrial Tagged With: Industrial Equipment Financing, just in time manufacturing, Manufacturing, Sustainable Manufacturing

Repair or Replace? It’s Time To Replace Your Industrial Equipment

October 15, 2021 By Engs Commercial Finance

Using Industrial Equipment Financing to purchase new equipment

If you’re like most industrial businesses, you are always looking for ways to improve efficiency and lower costs. One way to do this is by repairing or replacing your industrial equipment. Repairs can be costly, especially when you have to do them regularly. Yet without a working machine you are stuck in limbo and unable […]

Filed Under: Blog, Industrial Tagged With: Fabrication Equipment, Industrial Equipment, Industrial Equipment Technology, Machine Tools

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