Goodbye ownership. Hello usership.
Clearly, the time has come for a more comprehensive, flexible cost-effective and measurable solution. One that gives you back control over your operations and your capital.
The total cost of any investment is a much bigger and more complex picture than the purchase price alone. You need to consider all kinds of hidden factors: from transport and running costs to maintenance, inventory, depreciation, and divestment costs … to name but a few. There is a whole ocean of hidden costs and risks lurking beneath the surface.
Additionally, we are living in uncertain times. Markets are volatile. Product demand fluctuates. As does the supply of raw materials. And in between it all, natural disasters are making it even harder to expect the unexpected. More than ever, agility is key. Both operationally… and on your balance sheet. Any procurement decision should therefore consider your ability to adapt quickly, mitigate risks and safeguard your bottom line.
If unexpected fluctuations decrease the rate of utilization of your equipment, then the return on your initial investment goes down with it. Your total cost of usership takes all these factors into account.
The true value of ownership is use
More and more companies are making the shift from “owning” to “using”. The concept of usership touches on many different, often complex factors. Therefore, the independent European Rental Association and the Solvay Brussels School of Economics and Management developed an objective and transparent method of calculating the total cost of usership of any given piece of equipment. The criteria go beyond the financials alone and include such factors as support services, sustainability, logistics and access to expertise.
Are you considering all aspects before making an investment in new equipment?
"Goodbye ownership. Hello usership!"
Wondering whether usership is relevant for your business?