How to Make a Business Case for Capital Equipment Purchase

Key Considerations for Building a Business Case for Purchasing Capital Equipment

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The process of scaling up laboratory capacity, replacing old equipment, or purchasing new technology to help accelerate your team’s objectives must be accompanied by carefully evaluating the overall costs involved. But how should you determine whether a capital equipment purchase is the best option for your team, and how do you ensure your business case gives you the highest chance of success for approval? This article explores the key factors to consider when building a business case for capital equipment purchases, according to feedback from procurement leaders with a combined 30+ years of experience in the field.

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