Why MSMEs Should Compare Life-Cycle Cost Before Buying New Machinery

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2026-08-22 10:19:32 -

For manufacturing MSMEs, machinery purchase decisions are often based mainly on the quoted price. However, the cheapest machine at the time of purchase may not always remain the most economical option over several years. A better approach is to evaluate the life-cycle cost of equipment. This means looking at the total cost of owning and operating a machine throughout its useful life, not only...

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