Jim Humphries and Brad McCaleb


Workforce Development July 8, 2004

Optimizing total cost of ownership

When total cost of ownership (TCO) is applied broadly, the tools and concepts enable users to make a measurable impact in plant operating costs and margins. Their value comes from refocusing decision-making processes based on price and purchase cost to consider all financial impacts associated with a decision.

By Jim Humphries and Brad McCaleb
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