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Discover more about our online LubeChat toolSwitching lubricants can provide businesses significant savings on Total Cost of Ownership (TCO) spending. There is potential for lubrication to deliver significant business value by contributing to improved productivity and reduced costs. However, the potential impact of lubricants is often significantly underestimated. Understanding how lubricants contribute to Total Cost of Ownership (TCO) is the first step to realising potential savings.
87% of companies have experienced unplanned downtime in the past 3 years
60% admit this was due to their incorrect selection and /or management of lubricants
59% believe they can reduce costs by >5% through lubricant selection and/or management
Only 1 in 4 think savings could exceed 10% and only 32% believe effective lubrication can help improve equipment availability
41% understand how improved wear protection can result in cost savings
*This survey, commissioned by Shell Lubricants and conducted by research firm Edelman Intelligence, polled 406 decision makers in the construction industry in 8 countries (Brazil, Canada, China, Germany, India, Russia, UK, US) from November to December 2015.
Total Cost of Ownership (TCO) is defined by Shell Lubricants as the total amount spent on industrial equipment, including cost of acquisition and operation over its entire working life, including costs of lost production during equipment downtime.
Our new online chat tool gives you answers to questions about oils and lubes.
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