I Thought I Knew How To Buy A Laser Machine
I've been managing procurement for a mid-sized leather goods manufacturer for about 6 years now. I audit every invoice, every quote, every line item. When we decided to expand our leather engraving and cutting capabilities in early 2024, I thought I had this in the bag. Find a decent laser engraving and cutting machine, get a few quotes, compare prices, pull the trigger. Simple, right?
Here's what I got wrong: I was looking at the sticker price of the machine, not the total cost of ownership (TCO) of our entire leather production process. And I almost cost the company thousands.
I'll walk you through my thought process—and my spreadsheet. If you're looking at ipg photonics competitors or exploring ipg photonics corp offerings for a new laser setup, I want you to avoid the mistake I made in Q1 2024.
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