What main aspect should facility managers prioritize during equipment procurement?

When facility managers engage in equipment procurement, prioritizing lifecycle costs and total cost of ownership is crucial for several reasons. This approach encompasses not just the initial purchase price but also considers all costs associated with the equipment over its entire lifespan. This includes maintenance, operation, energy consumption, and potential disposal costs.

By evaluating the total cost of ownership, facility managers can make more informed decisions that lead to greater long-term savings and operational efficiency. A low initial purchase price might be tempting, but it could lead to higher costs down the line if the equipment requires frequent repairs, has a higher energy usage, or lacks longevity. Prioritizing lifecycle costs encourages managers to invest in equipment that may have a higher upfront cost but will be more economical in the long run, ultimately enhancing the organization's budget management and sustainability initiatives.