The return on investment (ROI) for laboratory equipment is the net result of dozens of decisions and behaviors over its lifetime. To improve this ROI, lab managers must look at procurement strategy, equipment maintenance, and usage data. Many organizations have a handle on the first two requirements but have a blind spot when it comes to how their equipment is used, leading to avoidable downtime, frustrated teams, and unnecessary spending.
Drawing on case studies and expert analysis, this compendium examines the role of equipment utilization data in day-to-day management and long-term planning. It helps lab managers understand the types of usage data needed, how to capture it, and how it can inform decisions to retire, reallocate, or invest in equipment to improve ROI.
Explore the full compendium to learn:
- How equipment ROI is shaped across the full lifecycle, from procurement and operation to end-of-life
- What scheduling data reveals about instrument usage patterns
- Strategies for increasing uptime and avoiding unnecessary capital expenditure
