Cylinder strategies – New study calculates total cost of ownership
After TrackAbout threw the spotlight on supply chain inefficiencies with liquid cylinders recently, as explored in gasworld’s February 2017 hot topic, the total cost of ownership of cylinders as a whole is now in focus with the emergence of a new study.
Worthington Industries, the leading global manufacturer of pressure cylinders and related products for industrial, transportation and fleet fuel storage, energy and consumer products markets, recently completed a study that calculates the total cost of ownership (TCO) of steel high pressure cylinders and outlines factors that influence total cost.
Worthington explains that because a typical cylinder will be in service for decades, it will incur substantial operational costs over its lifetime. Being aware of these expenses and weighing them against short-term cost savings could prove crucial in making a wise purchasing decision that will minimise TCO.
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