Do you only look at the price tag when purchasing equipment? Beware of the “low price trap”! Many companies cut corners on initial procurement costs, only to overlook the skyrocketing maintenance and energy expenses that follow. This article explores Life Cycle Cost (LCC)—the key to accurately evaluating the true economic value of your assets. We provide a comprehensive guide covering the entire process from acquisition to disposal. By analyzing the LCC calculation formula and the application of EAM/FM management software, we help enterprises identify hidden costs like maintenance and downtime, optimize resource allocation, and significantly reduce Total Cost of Ownership (TCO).