Article: Optimizing Assets with Total Cost of Ownership

The cost of assets can greatly influence buying decisions, quality, uptime, and profits in any manufacturing organization. Understanding the true cost of an asset helps manufacturers make better decisions and improve operational efficiencies. Download this article to learn why total cost of ownership (TCO) is an effective analysis tool, and ways you can utilize TCO to drive your asset investment strategy, operations planning including maintenance and calibration, asset lifecycle management, compliance programs, and capital needs planning.