Are Overhead Lifting Solutions A Better Return On Investment Than Other Equipment?
When investing in a material handling system to transport, lift or position loads, many operations focus solely on the initial cost. However, it’s worthwhile to consider the overall, long-term life cycle of such equipment—as well as a few other key factors—before making a final decision when comparing overhead lifting solutions to other options, such as fixed conveyor or forklifts, to determine which offers a better return on investment (ROI).
Overhead handling cranes, hoists and monorails are made of extremely durable, heavy-duty and long-lasting materials. Often remaining in service for decades, these systems are engineered for a longer lifespan and feature far fewer wear and service points than other floor-based transport equipment options.
Additionally, overhead lifting solutions require less frequent maintenance than other types of material handling equipment utilized for load transport and placement. They also utilize fewer moving parts, making their service and upkeep quicker and easier to complete. This minimizes downtime, labor, service parts and other costs associated with equipment maintenance and repair when compared against floor-based transport options.
Further, overhead handling solutions retain their value. Depreciation is not nearly as significant an issue for cranes, hoists and monorails as it is for other equipment. In fact, because nearly all overhead handling systems are integrated into the building’s structure—as a permanent upgrade—they may increase the value of the facility.
Finally, although every overhead lifting solution is customized to some degree to match specific application needs and the installation’s surroundings to achieve maximum operational productivity and efficiency, many are constructed from standard hoist, crane and monorail component designs. Not only does this equate to a wide range of possible configurations (and price points), but it also means that an installed system can be re-configured, converted or adapted to accommodate an operation’s changing overhead lifting needs.
Wondering what other cost, efficiency and productivity benefits can be gained by an investment in an overhead lifting system? Thirteen different ways these technologies enhance manufacturing and distribution operations are explored in the free publication, “Expand Your Possibilities. Discover the Potential. Choose Overhead Lifting.” The document is produced by MHI’s Overhead Alliance (which includes the Crane Manufacturers Association of America (CMAA), the Hoist Manufacturers Institute (HMI), and the Monorail Manufacturers Association (MMA)).