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'New technology assures the competitiveness of a company for the future'

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New technology assures the competitiveness of a company for the future

06/24/09 05:50

If you think that remaining with good old tried and true technology in your machine shop will see you through new challenges - think again.

In order to stay competitive, you need to recognize new technologies such as advances in the CNC process and use them to your advantage.

How do you justify the new technology costs? It is a multi-step process. You must:

  • Understand your costs
  • Understand the potential benefits of CNC technology
  • Understand the costs of older equipment
  • Calculate your payback

Link: Justifying Investment in CNC Technology

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