{"id":104104,"date":"2022-08-29T12:33:05","date_gmt":"2022-08-29T17:33:05","guid":{"rendered":"https:\/\/cogentcompanies.com\/edelmann\/?p=104104"},"modified":"2023-08-16T06:37:18","modified_gmt":"2023-08-16T11:37:18","slug":"pump-price-total-cost-of-ownership","status":"publish","type":"post","link":"https:\/\/cogentcompanies.com\/edelmann\/pump-price-total-cost-of-ownership\/","title":{"rendered":"Pump Pricing & Total Cost of Ownership (TCO)"},"content":{"rendered":"

Though many plants shop for equipment based on price, industry data shows that purchase costs represent only 10 percent of the total cost of ownership (TCO). Where is the majority of cost?\u00a0 Energy at 32% and Maintenance at 20%.
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\"Pump-Total-Cost-Ownership\"<\/p>\n

This white paper from ITT Goulds Pumps shares the formula for analyzing TCO as part of purchase and design decisions, with case studies showing how five organizations use a TCO approach to yield dramatic savings.<\/strong><\/p>\n

Contents include:<\/p>\n

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  1. The TCO Formula<\/li>\n
  2. Specifying the right size pump<\/li>\n
  3. Case study 1: Too much suction causes too many failures<\/li>\n
  4. Acquisition cost and performance tradeoffs<\/li>\n
  5. Case study 2: Non-OEM parts go up in smoke<\/li>\n
  6. Managing inventory<\/li>\n
  7. Case study 3: Parts problem at paper plant<\/li>\n
  8. Ensuring quality repairs<\/li>\n
  9. Case study 4a: 700 maintenance challenges at chemical plant<\/li>\n
  10. Case study 4b: Oil refinery reforms bad actors<\/li>\n
  11. Role of operations and maintenance in managing TCO<\/li>\n
  12. TCO analysis\u2014A powerful tool<\/li>\n<\/ol>\n

    Total Cost of Ownership analysis can be used as a basis for decision making in almost any industry or business\u2014including manufacturing, computer systems, transportation, buildings, real estate, and medical and laboratory equipment. TCO analysis provides the critical foundation for making sound decisions about:<\/p>\n