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 preparing business cases to secure additional capital expenditure to update food production lines, ...
Source: fnbnews.com