LOWER TOTAL COST OF OWNERSHIP (TCO)

Total cost of ownership (TCO) is a comprehensive financial evaluation that meticulously considers all the tangible and intangible expenses linked to a procurement, encompassing not only the initial acquisition cost but also the ongoing expenditures associated with maintaining, restoring, and ultimately disposing of the asset. By understanding the full TCO of a purchase, businesses can make more informed decisions about which products and services to buy.
The TCO of a purchase can be divided into two main categories:

• Direct costs: These are the costs that are easily identifiable and can be easily quantified, such as the purchase price, shipping costs, and installation costs.
• Indirect costs: These are the costs that are more difficult to identify and quantify, such as the cost of downtime, lost productivity, and environmental impact.

• Initial Purchase Price
• Maintenance and Repairs
• Operational Efficiency
• Downtime and Productivity Loss
• Lifespan and Durability
• Energy Consumption
• Training and Workforce
• Technology and Innovation
• Resale or Disposal Value
• Regulatory Compliance
• Supplier Relationships
• Economic Factors
• External Influences
• Supply Chain Management
• Technology Integration

• Comprehensive Cost Analysis: Refteck employs its profound industry acumen to meticulously identify every facet of costs associated with your existing and potential solutions. Our experts delve into the intricate financial landscape, ensuring that no expense remains concealed. This comprehensive approach paints a complete picture of TCO, enabling businesses to make informed decisions rooted in financial clarity.
• Rigorous Option Evaluation: Evaluating the myriad options available to your business is where Refteck excels. We assess each alternative against the backdrop of TCO, analysing not only immediate costs but also the long-term financial implications. Our process ensures that businesses are equipped with a panoramic view of each option’s potential impact on their bottom line.
• Tailored Recommendations: Armed with a wealth of insights, Refteck presents tailored recommendations that align with your business’s unique aspirations and challenges. Our strategic counsel extends beyond mere figures, delving into the strategic underpinnings of each recommendation. This holistic guidance enables you to select the optimal path to TCO optimisation.