Total Cost of Ownership (TCO)
Understanding total cost of ownership (TCO) when purchasing Chemtrol controllers
Are you planning on making an investment in your facilities water treatment, chemical automation or water chemistry capabilities?
Then you need to research the total cost of ownership (TCO) of an item before you spend a cent of your budget.
Let’s first define TCO before we detail why this is crucial – and what you need to consider when making an investment in any asset or equipment.
What is the total cost of ownership (TCO) and why does it matter?
TCO is a way of looking at the long term value of an item to your business, taking into account the:
– Initial purchase price
– Operating costs over its lifespan
– Maintenance costs over its lifespan
– Environmental impact of the item over time
The TCO ultimately impacts the ROI of an item to your business, and is a way of assessing the long-term value of a purchase to your business or operation. It is an important factor to take into account as operating and maintenance costs aren’t always reflected in the upfront pricing of an item.
Now let’s take a look at how TCO is relevant to our line of products.
Total cost of ownership (TCO) – Chemtrol vs. competitors
As a manufacturer with 40+ years of research and development in the field of chemical automation and water chemistry, our expertise has allowed us to produce equipment with industry leading precision, reliability and features.
This is reflected in the price point of our range of programmable controllers for industrial and commercial applications – something we are not ashamed to admit or discuss. It is however a factor which can be an obstacle for some who fail to take into account the TCO of an item.
Our table below sets out the case for avoiding the ‘buy cheap, buy twice’ approach, which is false economy over the medium/long term.
Get in touch for advice on the best programmable controller for your facility, that way we can provide a competitive pricing solution based on the functionality you need.