Total Cost of Ownership in Commercial Management of Orders and Contracts

Description

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