FNB News - Well-established metric in the industry for mfgrs is Total Cost of Ownership
Saturday, 06 March, 2021, 08 : 00 AM [IST] Neil Giles Managing successful packaged food production lines often requires manufacturers to be able to operate within tight financial margins. For this purpose, a well-established metric in the industry is Total Cost of Ownership (TCO). In simple terms, TCO takes into consideration the purchase price of a piece of equipment, as well as the operational costs it incurs overtime. TCO is often used in procurement analysis when...
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Source: fnbnews.com