Making Good Decisions – Purchasing Plant and Equipment

Making Good Decisions – Purchasing Plant and Equipment

This short article considers how decisions to spend, sometimes significant and usually limited funds, on plant, equipment and other assets, are often made based on a combination of gut instinct, frustration and back of the match box calculations.  It briefly discusses two key tools: payback and ROI, and how the discipline of working through these calculations is most effective when the business has considered its strategic direction.

Leave a Reply

Your email address will not be published. Required fields are marked *