Tag: budgeting

For manufacturing companies, budgeting can become a tug-of-war between financial constraints and long-term operational goals. When you are reviewing proposals for new material handling equipment, the upfront purchase price is the most visible number on the page. It is easy to let that single figure drive your decision-making process. However, experienced operations managers know that the "sticker price" is only a fraction of the total cost of ownership, but also that the right system can quickly pay for itself with the benefits it provides.