Cost of motors and drives extend long beyond the purchase order, and if those doing the specifying of the motor-drive system do non consider reliability, downtime, maintenance, warranty and other product-lifecycle costs, they ignore the bigger picture.
Learning objectives
- Review what to consider when evaluating total cost of ownership, including initial cost, reliability, downtime, maintenance, product life cycle considerations and warranty.Â
- Dive into the biggest factor impacting motor and drive life cycle costs—– energy—, and understand how higher operating efficiencies can significantly reduce operational costs. Â
- Understand how your a company’s culture affects the purchasing decision. Discuss the important motor and drive considerations for each department that will help minimize the total cost of ownership. Â
Cost of motors and drives extend long beyond the purchase order, and if those doing the specifying of the motor-drive system do non consider reliability, downtime, maintenance, warranty and other product-lifecycle costs, they ignore the bigger picture. Higher operating efficiencies significantly reduce operating costs of motor-drive systems. Ensure an organization’s cultural factors don’t get in the way of total-cost-of-ownership decision-making.Â
