Accurate equipment cost hinges on the answers to two different questions: What does it cost to bring the machine into your fleet and keep it there, and what does it cost to put it to work? To answer ...

Equipment that you use to manufacture a product, provide a service or use to sell, store and deliver merchandise. This equipment has an extended life so that it is properly regarded as a fixed asset.

The proponents of lean manufacturing have taught us two things. First, be clear in your definition of contributory work, the activities that add value and contribute to the final result. Second, focus ...