Compared to other main groups of procurement, capital equipment features numerous characteristics that significantly impact the purchasing process. The process of purchasing capital equipment therefore requires specific attention and above all a systematic approach.  To overcome these challenges, a holistic process model and specific tools and methods for capital equipment purchasing are presented.The following topics regarding capital equipment purchasing are presented:             Compliance management             Savings measurement             Life cycle costs and total cost of ownership             Determining the optimum useful life and replacement time             Real options approach for the evaluation of investment alternatives             Performance contractingReaders are provided with a comprehensive and structured process model for capital equipment purchasing. The comprehensive set of methods including various instruments and methods presented in this book support the establishment of a professional capital equipment purchasing process.

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