Equipment Justification: Do A 360˚ Review
An experienced in-plant consultant suggests 12 crucial areas to examine when attempting to justify new equipment for your in-plant.
Summary
In conducting an equipment justification study, you’re creating an approximate and representative picture, through numbers, of how your in-plant’s performance is expected to change if certain equipment or technologies are installed. Certainly, organizations are systems, and sometimes an investment requires multiple purchases—that is, more than one piece of equipment or technology.
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