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...
total cost of ownership
Looking Beyond Total Cost of Ownership to Return on Investment
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...
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