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Updated OpX Tool Eases Understanding and Use of TCO

Guidelines provide manufacturers with a big picture perspective on the complete cost of a machine purchase.

TCO provides manufacturers with a big picture perspective on the complete cost of a machine purchase.
TCO provides manufacturers with a big picture perspective on the complete cost of a machine purchase.

Newly revamped Total Cost of Ownership (TCO): Packaging and Processing Machine Guidelines help consumer packaged goods (CPGs) and OEMs identify, quantify and break down the costs of purchasing and operating machinery. The tool was developed by the OpX Leadership Network convened by PMMI, The Association for Packaging and Processing Technologies.

The document provides manufacturers with a big picture perspective on the complete cost of a machine purchase. With its new streamlined, easy to navigate format, the free tool now features case study examples of how the document is utilized by both OEMs and CPGs, and includes a customizable Excel workbook used to record all salient cost information when purchasing a machine. 

“When purchasing equipment, acquisition and operating costs – from design and application through operation and maintenance – must be considered, not just the price,” says Bryan Griffen, director, industry services, PMMI. “Our updated tool makes it easier than ever for companies to make informed business decisions in selecting the best solution using the total cost of the machine.”

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