Automation drives new financing models for machinery

March 3, 2023
Sensing, software, remote connectivity and robotics enable production-as-a-service

Machine automation has made capital equipment into a viable rental expense or even a subscription-based production-as-a-service option. On-machine sensing and monitoring capabilities allow the original equipment manufacturer (OEM) to keep an eye on machine health and service, repair or even optimize it. And the proliferation of software-based features has made changes and upgrades simple enough to execute, sometimes automatically, through remote connectivity.

Subscription-based models for equipment, production and machines are poised to expand in industrial automation, as evidenced by these four stories on Control Design:

Equipment, production and machines at your service

Machines-as-a-service bolster packaging industry

Equipment-as-a-service: A CapEx vs OpEx decision

Hands-off utilities guaranteed

Behrens Manufacturing, based in Winona, Minnesota, embraced robotics to address manufacturing challenges by deploying two very different robot integrations. It discovered how robot-ownership and robots-as-a-service models can provide simultaneous success. Manufacturing Robots: Buy? Lease? or As-a-Service? originally appeared on IndustryWeek, an Endeavor Business Media partner site.

IndustryWeek Editor-in-Chief Robert Schoenberger spoke with Bill Bellingham, vice president of manufacturing at Behrens, to take a deeper dive into how the Minnesota manufacturer is using automation to address challenges.

About the Author

Mike Bacidore | Editor in Chief

Mike Bacidore is chief editor of Control Design and has been an integral part of the Endeavor Business Media editorial team since 2007. Previously, he was editorial director at Hughes Communications and a portfolio manager of the human resources and labor law areas at Wolters Kluwer. Bacidore holds a BA from the University of Illinois and an MBA from Lake Forest Graduate School of Management. He is an award-winning columnist, earning multiple regional and national awards from the American Society of Business Publication Editors. He may be reached at [email protected]