White Paper: Total Cost of Ownership (TCO) – Optimization Potential

Drive Technology Is the Key for Reducing the Total Cost of Ownership

Total Cost of Ownership 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.

Whitepaper Topics

Get all the information you need about Total Cost of Ownership (TCO) in this NORD White Paper - from different costs, possibilities for optimization and how NORD implements TCO reduction.

Definition and backgrounds
What influence does drive technology have on TCO?
Optimization 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

Get Our Whitepaper Directly to Your Inbox

Learn More About TCO

Reduce your acquisition and running energy costs with intelligent drive solutions from NORD. With individual advice, comprehensive evaluation, and continuous advancement of our products, we offer holistic drive optimization from a single source.

Learn About TCO