Why are oil analysis programs now the rule rather than the exception across most industries? Because they are one of a handful of services that deliver obvious and demonstrable ROI. The calculation of ROI can get very complex, but even a simple equation will deliver the evidence management needs to justify and expand the program.…
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ROI of Oil Analysis—TestOil Experts Weigh In
CLEVELAND, U.S., Aug. 7, 2020 TestOil, the industry leader in lubricant testing, offers considerations regarding the return-on-investment of oil analysis. “There are many formulas, but a simple calculation is cost savings divided by cost of program,” TestOil Senior Technical Advisor Evan Zabawski said. He continued, “Cost is a common consideration that prevents some companies…
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