Project Management

3 Questions You Must Ask Before Investing In New Equipment

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Executive Summary

Evaluating the purchase of new equipment can be a complicated process. There are many stakeholders to consider, vendors are aggressively bombarding you with information and you have limited time to make a decision. It is easy to miss some key questions during the evaluation process which can prove costly later on. When evaluating equipment purchases, owners, managers and vendors tend to be the strongest voices heard. While they play an important role, it is a mistake to leave out the input of other stakeholders. Employees can provide practical insight from hands on experience with regard to how different equipment truly performs in real-world conditions. Suppliers can provide insight on the ease of integration with their own systems.

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