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Posts Tagged ‘total cost of ownership’

Improving Valve Total Cost of Ownership

Posted in Final Control Element on Friday, November 17th, 2017. No comments yet
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An important metric for driving continuous improvement in the process industries is total cost of ownership (TCO). One of the methods to lower these costs is to standardize and limit variations on the plant equipment across sites and geographic locations. In a Flow Control magazine article, Improve Total Cost of Ownership with Valves, Emerson’s Christof […]

Looking Beyond Total Cost of Ownership to Return on Investment

Posted in Support Services on Tuesday, November 15th, 2016. No comments yet
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Automation fundamentally impacts the costs and returns on a production process. When evaluating capital investments for instrumentation and automation, many manufacturers and producers look beyond the initial purchase, installation and commissioning costs to assess the costs throughout the lifecycle of this investment. While this total cost of ownership (TCO) approach improves upon initial purchase costs, […]