How to Calculate the Total Cost of Ownership (TCO)|Procurement and Supply Chain Management
Meirc Training and Consulting
Published at : 04 Oct 2021
Published at : 04 Oct 2021
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When looking to acquire an asset, many of us make the mistake of focusing on the original purchase price, while ignoring the costs associated with owning that asset. As such, a $25,000 car can end up costing us over $50,000 over its useful life once we factor in maintenance, spare parts, insurance and fueling costs.
The Total Cost of Ownership (TCO) is a tool to help us calculate the real cost associated with owning an asset, be it a car, factory or software solution. Join us on this free webinar where we provide a step-by-step walkthrough on how TCO is calculated.
For more details https://www.meirc.com/training-courses/procurement-supply-chain-management
How to Calculate the Total Cost of OwnershipTCOProcurement
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