By Davies Hood, Induron Executive VP
When you shop for something, whether it’s peanut butter or a Porsche, you want to know what it costs, right? In today’s uncertain economic times, price points and cost are becoming more and more important in everyone’s purchasing decisions.
Valve Magazine recently published an article entitled “Back to Basics: Life-Cycle Costing,” that gave an interesting angle on tools used to assist this process. This article astutely points out that there is more to the true cost of an item than just its sales price. Other factors that affect the total cost are the cost to install, maintain and repair and sometimes even dispose of the product. Continue reading What’s the REAL cost?