A risk-reward ratio compares what you stand to gain and what you could potentially lose. The risk is the negative outcome and the reward is the positive outcome. You can view practically anything in terms of risk vs. reward, including Indramat repairs. Not all repairs are the same. It’s important to understand what’s at stake when it comes to fixing your Indramat machinery.
Understanding risk vs. reward
When determining risk and reward you should look at both the best-case scenario and the worst-case scenario. You should also look at the likelihood of these outcomes. You have to quantify risk and reward, weigh your options against each other, and then make your decision based on the information available to you.
For example, the reward for not wearing a seat belt is saving half a second and a negligible increase in comfort. The risk of not wearing your seat belt is severe injury or death.
Is it likely that you will be so uncomfortable or save so much time by wearing your seat belt that your quality of life will change? No. Is it likely that wearing a seat belt could save your life? Yes. In this scenario, the risks of not wearing a seat belt outweigh the reward.
The reward for not wearing sunscreen is looking like a leather-bound book. The risk for not wearing sunscreen is a painful and unsightly sunburn and an increased risk for skin cancer. Again, the risks outweigh the rewards in this situation.
Risk and reward with Indramat repairs
As with the examples above, the risks involved with third party Indramat repairs outweigh the rewards.
Here’s a look at the risks involved with third party Indramat repair.
- You don’t know the qualifications of the person repairing your system.
- They don’t have access to OEM parts
- They may not even be familiar with Indramat systems
- You’re risking additional damage to your machinery
- You could be paying for an inadequate repair
- Ineffective repairs lead to additional repairs
- It puts your employees at risk of harm or injury
- Your risk for downtime is increased
The reward? You might end up saving a few bucks. Maybe. Third party Indramat repairs come with a high level of risk with a relatively low level of reward. That ratio is inverted for Indramat factory repair or an Indramat remanufacture.
When you go with an Indramat factory repair, you’re trusting trained technicians who specialize in Indramat motion control systems. They have access to original Indramat parts, they test your unit to factory specifications, and your unit comes back to you with a new factory warranty. That’s all reward with no risk.
Call 479-442-0390 for Indramat factory repair or reman.