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COMPRESSED AIR
1. MYTH: INITIAL PURCHASE PRICE DICTATES TOTAL EXPENDITURE.
Reality: Total Cost of Ownership (TCO) goes beyond the upfront cost and encompasses ongoing expenses such as maintenance, energy costs, and operational costs. In many cases, these recurring expenses prove to be far more significant than the initial purchase price. Understanding and factoring in these elements are crucial for accurate financial planning and decision-making.
2. MYTH: ENERGY EFFICIENCY IS A MINOR FACTOR IN TCO.
Reality: Energy expenses, particularly in industrial settings with continuous operations, are in most cases the most substantial portion of TCO. Investing in energy-efficient portable air compressors does not just align with sustainability goals; it can also lead to significant long-term savings, making it a critical factor in comprehensive TCO evaluations.
3. MYTH: ONE-SIZE-FITS-ALL.
Reality: TCO varies significantly across different industries and applications. Tailoring portable air solutions to specific needs and operational dynamics is essential for achieving accurate and optimised TCO assessments. Generic solutions may not adequately address the unique requirements of each business, potentially leading to higher overall costs.
4. MYTH: MAINTENANCE AND UPGRADES ARE MINOR CONSIDERATIONS.
Reality: Regular maintenance and timely upgrades play a vital role in influencing TCO; preventing downtime, reducing repair costs, and ensuring operational efficiency. Acknowledging the importance of proactive maintenance is integral to your comprehensive cost saving strategy.
5. MYTH: DOWNTIME COSTS ARE NEGLIGIBLE.
Reality: Downtime spells financial fiasco, leading to lost productivity, missed opportunities, and an inherent reduction in profits. Factoring in the true cost of downtime provides a more realistic picture of the overall financial impact. Choosing a high-quality portable air compressor and keeping up with effective maintenance simultaneously minimises downtime and TCO; as does support from a knowledgeable, trusted and easy to reach service network.
10 TOTAL COST OF OWNERSHIP MYTHS:
DEBUNKED
Think beyond the sticker shock! Discovering the true value in a higher purchase price for your mobile air compressor requires a shift in perspective. It is not just about the upfront cost, but rather when Total Cost of Ownership (TCO) proves to be more economical than cheaper alternatives. Here, the experts at Atlas Copco flip the script and debunk the most common misconceptions related to TCO, helping you make more savvy purchase decisions.
40 APRIL 2024 | FACTORY&HANDLINGSOLUTIONS
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