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    jamescalvin's Avatar
    jamescalvin Posts: 1, Reputation: 1
    New Member

    Jul 5, 2015, 10:00 PM
    Plant hire
    Is there any benefits of going for plant hire company than buying new machine?
    joypulv's Avatar
    joypulv Posts: 21,593, Reputation: 2941
    current pert

    Jul 6, 2015, 01:53 AM
    Please clarify your situation. I think I can guess, but without a detailed analysis of your company, the product, and the cost of the machine, we can't possibly answer this.
    If this is a homework question, you need to work on it yourself first.
    talaniman's Avatar
    talaniman Posts: 54,328, Reputation: 10855

    Jul 6, 2015, 04:44 AM
    Do you mean outsourcing to cut costs as opposed to high initial investment in upgrading equipment? What did your cost benefit analysis reveal to be your timeline to recoup from that investment?
    Fr_Chuck's Avatar
    Fr_Chuck Posts: 81,302, Reputation: 7692

    Jul 6, 2015, 06:11 AM
    As noted, any purchase of equipment needs to be justified with a ROI statement and long term projections
    talaniman's Avatar
    talaniman Posts: 54,328, Reputation: 10855

    Jul 6, 2015, 06:47 AM
    NOTE-ROI, is the return on investment.

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