Total Cost of Ownership in Commercial Management of Orders and Contracts

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€50.00
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This Skill Bit shows that Total Cost of Ownership (TCO) is a financial concept that factors in all expenses, from acquisition to disposal, incurred when owning and using a product, asset, or service. By providing a holistic view of financial impact, TCO empowers businesses to make informed choices, leading to optimized value and increased sustainability.

Duration approx. 4 Min.

Tier: proficiency

A part of Building an Effective Procurement Management Plan course.

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