Time, the great equalizer, will ultimately prove to be a crucial commodity as companies compete for viability and market share. Consumer product quality and healthcare regulations continue to tighten, and the demand for manufacturers to produce cleaner, environmentally friendly products increases each year. As a result, pure and ultrapure water are beginning to play a more significant role in most manufacturing processes. Governing bodies such as the FDA, EPA, USP, and EU set guidelines for the production and usage of pure and ultrapure water for almost every industry, and every manufacturer is required to comply.
Optimizing a filtration system saves time, which equates to savings of resources, labor, and energy; all of which have significant financial implications. Filtration solutions have a direct impact on the safety and quality of manufactured products. Engineers and facility managers tasked with process system decisions need to demonstrate their TCO (Total Cost of Ownership), which encompasses more than the cost of an individual filter. Rather than limiting the purview to one line item, TCO considers all potential costs (and savings) generated over time.
To calculate TCO, a reputable filtration solutions provider can assist with a free assessment or audit. In addition, collecting responses to fundamental questions will guide the discovery process and validate your decision.
Once a facility has a command of their TCO, they can readily assess the products and suppliers that best fit their needs. For example, maximizing filter efficiencies reduces the number of filter cartridges required, which results in decreased downtime. The somewhat hidden costs that a TCO audit will reveal include the savings in disposal costs and the ability to demonstrate an improved environmental approach.
Energy costs can be significant, and there are instances when energy conglomerates award rebates to manufacturers. By demonstrating best practice methodologies with TCO, manufacturers can position themselves to receive rebates when available. The ability to maintain a low inventory can help to save storage space, and a supplier that provides unwavering customer service and rapid delivery will help manufacturers compete in their fast-growing industries.
Ultimately, an optimized system saves time. And time, in every aspect, is precious. Time affords the ability to provide innovation, improve product quality, and streamline operations, which translates to becoming more competitive and adds to the bottom line.