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It’s All About the Cost, Not the Price

Just like all change management, total cost of ownership is a journey that has transformational results when successfully implemented.

Just like in this iceberg image, hidden operating costs can sink you. Total cost of ownership enables gathering better data and understanding for better informed decisions.
Just like in this iceberg image, hidden operating costs can sink you. Total cost of ownership enables gathering better data and understanding for better informed decisions.

When purchasing equipment, it is absolutely all about the acquisition and operating costs (packaging and processing equipment) and not just the price (tip of the iceberg). This was a unanimous perspective of the original 25-member team of consumer packaged goods (CPG) companies and original equipment manufacturers (OEM) writing and publishing the Total Cost of Ownership Playbook and Checklist

This foundational document, written by industry for industry, was released May 2015 by PMMI’s OpX Leadership Network. Since then, more than 5,000 individuals have downloaded the documents, and countless others have participated in conference or virtual settings to discuss and better understand total cost of ownership (TCO).

What have we learned in these past five years about TCO?

Three key experiences stand out:

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Pharmaceutical Innovations Report
Discover the latest breakthrough packaging technologies shaping the pharmaceutical sector. This report dives into cutting-edge innovations, from smart containers that enhance patient safety to eco-friendly materials poised to transform the industry’s sustainability practices. All from PACK EXPO. Learn how forward-thinking strategies are driving efficiency and redefining what’s possible in pharma packaging.
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Pharmaceutical Innovations Report