Drive technology is the key for reducing the Total Cost of Ownership
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White Paper:
Total Cost of Ownership (TCO) –
optimisation potential
TCO in its entirety
The purchase price is no longer the only purchase criterion for investment decisions. Rather, the focus is increasingly on the followon costs, e.g. for electricity consumption, administrative processes, service and maintenance, spare parts stocking or the disposal. After all, they account for around 80 to 85 percent of the Total Costs of Ownership of drive systems.
Careful consideration of all economic aspects is thus very worthwhile with regard to cost reductions and increases in efficiency in production.
The concept of Total Cost of Ownership (TCO) provides support in this respect. By including all costs incurred over the entire product life cycle, detailed profitability calculations can be made and thus also reliable statements for and against an investment.
Content White Paper
Get all the information you need about Total Cost of Ownership (TCO) in this NORD White Paper - from different costs, possibilities for optimisation and how NORD implements TCO reduction.
- Definition & backgrounds
- What influence does drive technology have on TCO?
- Optimisation of the Total Cost of Ownership
- The factor energy efficiency
- Reduction of versions and standardisation
- Condition monitoring and predictive maintenance
- The NORD approach to TCO reduction
- Example calculation
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