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Total Life Cost Issues.
When you buy any piece of equipment you take
certain steps to investigate the features and functions to make certain it will
do what you want. The more expensive an item the more research you are likely to
do before buying. Things like availability, specification, country of
manufacture & price are common decisions. There are nearly always some
compromises in all of these, you may feel that paying a little more for a short
delivery time is OK or you may feel that buying something with every possible
feature is a good hedge against the future.
Most people, however, spend remarkably little
time in considering the 'whole life cost'. This cost is made up of many things
such as.
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Initial price paid.
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Running costs: electricity or
consumables
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Longevity: how long will it last
before it has to be replaced because it's worn out?
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Maintenance Costs: does it require
regular testing or servicing, if so how much will this add?
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Spares availability. Is there a cost
to you (perhaps hidden) if the equipment is out of action for a while whilst
spares are obtained? Imagine the costs to the NHS of an Intensive care bed out
of action for months!
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Example:
Would it make sense to buy an industrial
washing machine for £ 1000.00 if the manufacturer told you it would cost £
500.00 per year for a service contract, which was required by the terms of
sale. If you could get a similar machine at £ 2000.00 that did the same job
but had a three year warranty free of charge?
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e.g: £ 1000.00
Initial purchase + 3 years
service £ 1500.00 = £ 2500.00 OR £ 2000.00 Initial price + Free service
package = £ 2500.00
a saving of £ 500.00 over three years on the, seemingly, more expensive
machine.
At Turnwright Limited we take a very serious
view of all these criteria and we have taken steps to ensure that the whole life
cost of our equipment is as low as it can be.
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We manufacture in the UK using only very
reliable equipment
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We keep good parts stocks so spares can be
despatched quickly, and parts are used which require little or no servicing.
Our hydraulic units are often only returned after 20 years!
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We have designed our equipment so spares are
easily changed on site keeping service costs down
We strongly advise anyone purchasing our type
of equipment to ask the above questions and compare the results. We do!
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