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Life Cycle Costing (LCC) is a method used to determine the total cost of ownership of an individual item or the component of a system and it is a structured approach which looks at all the components of this cost and can produce a spend profile of the product over its expected life-span.
The results of an LCC analysis can be used by management to assist in the decision-making process and it is most valuable as a comparative tool between different options.
For more information on Life Cycle Costing talk to Industrial Batteries (UK) Limited
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