When purchasing a pump, the upfront cost is usually the main, or only, consideration within the decision-making process. As we discussed in a recent blog, this initial cost makes up a mere 10% of the total life cycle cost of the industrial pump. Therefore it is critical you consider all potential costs that may be associated.
In this blog, our team discuss the top considerations for maximising the lifecycle cost of your pump.
Selecting the pump - quality over cost every time.
An important choice when selecting your pump is the quality - a choice that will greatly influence its lifecycle cost. It does not take a rocket scientist to know that a quality, reliable, well-built pump will likely have a lower lifecycle cost compared to a cheaper, lightweight pump.
If you are basing your decision on cost, it is important you understand the costs that could be incurred. Going for a cheaper option could result in a lesser quality product - particularly if the materials selected are not suitable for the application. If this occurs, lifecycle costs can quickly increase, as there is a possibility of premature failure or unexpected servicing and replacement costs.
Besides the materials, in most instances, a high-quality product will have gone through rigorous testing to ensure it runs reliably.
Another consideration is the quality of service you would receive from a high-quality supplier or expert opinion.
Get the right size pump from the start.
Although it can be tempting to select a small sized pump to reduce the initial cost, or a larger pump to account for higher pumping requirements, it will ultimately lead to greater long-term expenses. In some instances, an undersized pump will result in reduced water efficiency, whilst an oversized pump, will incur higher energy costs. Therefore, selecting a pump that is correctly sized and performs to your requirements, will ensure the best energy efficiency and least energy wastage.
Maximise your energy efficiency
Where a variable flow rate may be needed, Global Pumps suggest installing a variable frequency drive (VFD). Not only does this program the pumps at a certain speed and flow rate, but it reduces the lifecycle costs by reducing energy consumption. Although a VFD will increase the initial cost of the pumping system, it will ensure the pump is running at its BEP, increase wear-life and reduce maintenance, parts, and wear costs.
Do not leave your pumping system to chance - talk to the experts. Global Pumps have over 40 years’ experience working with clients from a wide range of industries. With a strong commitment to reliability and durability, our recommendations focus on the longevity of your pump. Get in touch with one of our team members today to discuss your requirements!