The two things that pop into our mind when speaking of cost-saving in valves are valve prices and regular maintenance-no doubt, the two most effective strategies to reduce valve costs. But in many cases, the valve’s maintenance needs might rise with time, and the money spent on maintenance might erode initial savings made when buying the valve.
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Low-cost valves often need more maintenance and thus incur more costs in the long run. On the other hand, many expensive valves too have a complex maintenance procedure wherein you incur more costs.
The cost-saving thought thus, should not end at buying and maintenance of valves. A focus on reducing the total cost of valve ownership could open up many other avenues of cost-reduction in the long term.
We have addressed before, how right valve size improves valve performance. Oversize valves are sometimes deployed as added safety measures. Reports suggest that around 50% valves tend to be oversized. Deploying oversized valves leads to over expenditure on buying costs as well as on maintenance and operational fronts. This is best avoided.
Regular maintenance of the valves is of course a virtue. However, if the maintenance interval is short, it means you must frequently set aside time and money to inspect and repair the valves. Instead, you could take measures to make these intervals longer. For instance, valve working in dusty environments are often provided with modifications to protect from dust. This prolongs their life while minimizing the need for maintenance.
In a globalized world, valves are sourced from faraway places. It is difficult to monitor manufacturing and testing conditions. In such cases, ensure that the valve bears key testing certifications. For more information, check our blog on 4 vital certifications to check in a valve. At IPC, we address the customer’s concerns about traceability with effective solutions. The customers can now track the progress of their valves through the manufacturing and testing process and get their issues tackled at the earliest.
Valves are available in customized as well as modular designs. Customized valves can offer better performance for certain applications. However, in rare circumstances, if the entire line has to be shut down, these valves too become useless. However, modular valves can be removed and deployed into new roles. IPC supplies both standards and customized valves. Both have their own pros and cons. Depending on the size and needs of their business, the users must decide which valve to choose.
Being able to quickly finish valve repairs, or replacing failed valves within a short time reduces your downtime. When choosing valves, look for valves that are easy to clean and repair and can be replaced quickly. Finding a reliable and trustworthy partner to supply valves could solve this problem. Sourcing all of your valves from a single supplier also ensures more reliability and ease of maintenance in your network.
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If you need multiple tools or accessories, consider buying them as a combo kit or a set. You’ll get a lower price per tool this way, leading to substantial savings. Take inventory of the tools you need, then look for a combo kit that has them.
Power tool batteries are expensive. Once you’ve invested in one, you can use that same battery to power a variety of tools from the same manufacturer. Look for products that say “tool only” and buy those. You’ll save money by not purchasing another battery and charger, which can sometimes double the price.
There are a few great ways to get deals on tools from Lowe's. First check out Lowe's Deals of the Day which are one day deals for online purchases while supplies last. Most deals include tools as well as other household products. You can also check out Lowe's Weekly Ad which always has even more great deals on tools. And, don't forget that active-duty, retired, and military veterans and their spouses receive a 10% discount on eligible items.
Buying in bulk is another way to save on tools and materials. If you're a contractor you can often find deals on multiple tools and accessories for your crew, and homeowners can stock up on items like wet/dry vacuum bags and filters.
You’ll see a big discrepancy in cost between the DIY tool brands and contractor grade tools. For general homeowner use, a DIY tool brand is the way to go. If you aren’t using your tool daily, you’ll save a lot of money by sticking to brands like CRAFTSMAN® and BLACK+DECKER.
If you’ve got a heavy-duty job coming up, consider renting tools to get the job done. You’ll save money since you won’t be buying expensive tools you will use just once.
Augers, trenchers, and jackhammers are great examples of heavy-duty tools that are best suited for renting instead of owning. You can even rent smaller tools like drills, reciprocating saws, and sanders if needed.
Keep in mind Lowe’s often has savings events throughout the year but if you're shopping around Father’s Day or Black Friday, you'll often find a large selection of deals. Pro customers can join Lowe’s MVPs which earns you points on each purchase that can be redeemed for additional tools.
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