The cost of owning and running machinery has risen significantly making it difficult to manage replacement and upgrades. This includes changes in purchase cost, depreciation, finance, insurance, repairs and maintenance, fuel and labour. Given this, purchasing decisions require a balancing act around capital allocation, cashflow implications, operating costs and managing production risk. We’re noticing across our clients that this has become a significant issue. It’s common to hear comments and q
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The cost of owning and running machinery has risen significantly …
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