Commentary: Why cost-cutting is hurting reliability

07/9/2012 | IndustryWeek

U.S. manufacturers are increasingly opting for cheaper machine tools and components as a way to save money, but such efforts could lead to higher costs in the long run, writes Bill Moore, vice president of channel management, regional sales and service at SKF USA. "In the short run, such savings might drop impressively to a manufacturer's bottom line. But ... the real cost of doing business is growing in terms of added maintenance needs, component replacement expenses and, worse, lower productivity," he writes.

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