How do you stay in ahead of the competition when:

• Labor rates are going up
• Benefit costs are going up
• Competition is heating up
• Labor markets are tight
• Margins are going down

The answer is easier than you might think; invest in the latest hi-tech, high production equipment to drive production costs down. Often, the equipment you need in order to stay competitive costs less than you think. The hourly cost guide from IFS breaks down the monthly payment into an hourly cost. This number helps business owners understand that they might not necessarily need more sales or higher margins in order to afford the latest equipment. When analyzed on an hourly basis, one can see that new equipment can create greater profitability with no new sales.

By adding a newer, more efficient, faster machine, employees can be reallocated to different positions. Overtime expense can be reduced or even eliminated, production times go down, quality goes up, and overall efficiency is greatly increased. All of these benefits are recognized before the addition of any new sales due to the new equipment. Our guide shows a variety of equipment costs, for a three, five, and seven year term. It also shows the hourly cost when running one, two, or three shifts per day. Most business owners know what they can bill their machine out per hour and our guide shows them the actual equipment cost per hour.

The guide listed below is a real world example of hourly costs with a standard equipment lease or equipment loan at IFS. We are more than happy to get a set of numbers to our clients tailored specifically to their equipment cost, terms, and shifts run per month.