Topic: manufacturing

What is a Total Cost of Ownership?

A total cost of ownership (TCO) is the purchase price of a product plus the cost of operations. When calculating the total cost of ownership, it exemplifies the overall value of a product over time giving you a better idea of how much something is worth.

When gathering data to make a purchasing decision, buyers should not only consider the initial price of a product, but they should also consider the long-term price of a product which would be the TCO. The item with the lower total cost of ownership is the better value overall.

Can you think of at least one area where you’re replacing electrical wires and cables often?

STAY ON TOP OF INCREASING DEMANDS IN THE FOOD & BEVERAGE INDUSTRY

Electrical cables in the food and beverage industry are constantly exposed to a variety of abusive environments, such as constant washdowns, harsh chemicals, abrasion, heat, cold, flexing, constant motion and impact.

To modernize your plant, revamping and debottlenecking (increasing capacity) restores competitiveness and allows your facility to fulfill demanding market requirements regardless of industry. Pinpointing and removing existing bottlenecks will help to achieve optimal results between your investment costs and plant output, thus increasing the quality, quantity and safety of your products.