When evaluating new equipment purchases, too many companies focus disproportionately on the initial purchase price. Unfortunately, this neglects the fact that for many pieces of equipment, 85% of the total costs incurred over the course of their expected life occur after purchase. If operating costs are high, initial purchase savings quickly evaporate, costing you for years to come. To ensure you are getting the most cost-effective solution, you need to calculate the Total Cost of Ownership or TCO.