Discover your competitive edge with the Total Cost of Ownership

2019-11-05

marketing

ARTICLE: Discover your competitive edge with the Total Cost of Ownership

By 2020, the Ultrapure water industry is projected to reach more than USD 7 billion, at a Compound Annual Growth Rate (CAGR) of 7.8% between 2015 and 2020. The industry is competitive, and as in any intense competition, the stakes are high. Making decisions regarding the best-suited products, suppliers, maintenance, and changeout schedules are crucial to a business’s bottom line.

Successfully operating in a booming and competitive industry requires that facilities and management staff ensure their water purification systems and processes are optimized. Yet, there are challenges to making sure water systems are efficient. The most profitable facilities are those that incorporate systems that help to extend service cycles and have a low threshold when it comes to contributing to environmental waste.

High purity filtration solutions are designed to handle any application throughout the water purification process. When deciding to purchase pleated, pleated membrane, and depth cartridges, experts agree there are core factors that help determine the best-suited solutions for the most efficient systems.

5 Key Factors for Ensuring Optimal System Performance
 

1Fluid and Particulate Characteristics

  • The type of fluid, as well as the particulate type and distribution all, play an essential role in filter selection.

2Purity Requirements

  • Application requirements vary from simple visual clarity to ensuring sterile effluent.

3Required Flow Rates

  • Maintaining flow while filters load is essential to products and equipment downstream.

4Spreading the Load

  • Most filter systems have several steps in working together to achieve the desired result. Spreading the work out over the entire system is important to reducing filter spend and essential to minimizing energy consumption and the associated costs

5Desired Change Frequency

  • Changing filters requires shutting down at least part of your system. A crucial part of optimization is to ensure the changeout intervals meet your specific needs.


Total Cost of Ownership

According to the global industry, leaders comprehensively considering the costs of the entire filtration system rather than each filter, is the best way to optimize a system. The Total Cost of Ownership (TCO) provides a way to review and analyze every cost to your system. An understanding of the costs associated with energy usage (and potential rebates), disposal costs and lost production time are crucial in the decision-making process. Sound decisions regarding overall efficiencies are less about considering the individual unit cost of a particular filter and more about the cost-per-gallon expenditures.

An important consideration when choosing a filtration solutions provider is to understand the total value that the supplier brings to your process. Short lead times, quality products, and full access to a factory with technical support, allows you to minimize on-hand inventory and to avoid costly downtimes.  Quality suppliers are responsive and will offer easy access to products and provide fast, efficient delivery.

Ultimately, today’s fast-paced world requires filtration solutions that are effective and efficient. Despite innovations in technologies, without reliable products backed by quality service, we aren’t that far removed from the sailors on that stranded ship who desperately needed clean, safe water. Improve your bottom line by learning to recognize Total Cost of Ownership and collaborating with a partner who can help you determine the best solutions for your particular applications.