GLOSSARY: Total Cost of Ownership
The real cost of a product, encompassing the cost of the material, along with installation, maintenance, anticipated repairs and necessary monitoring. These hidden costs are often overlooked or ignored in the initial cost analysis, but they add up and over time can outpace the expense of owning a floor with a higher material cost.
For instance, a floor with static-protective properties reliant on periodic buffing with conductive wax must be tested and monitored after each maintenance interval to ensure electrical compliance. If routine maintenance requires shutting down an operational space for some period of time, loss of use should also be factored into the flooring decision.
Learning Center Articles
- 7 Common Mistakes Selecting an ESD floor
- A Guide to ESD Flooring Selection
- Avoid Costly Failures: What You Need to Know When Specifying ESD Flooring
- Choosing ESD Flooring for:
- ESD Footwear: What Is It and When Is It Necessary?
- ESD Footwear for Electronics Manufacturing and Handling Applications
- Facility Managers' Guide to Selecting ESD Flooring
- The Need for Due Diligence in Specifying Static-Free Flooring
- Standard of Care for Specifying Floors in Mission-Critical Spaces
- Understanding the Hidden Costs of ESD Flooring