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SCF-01 Understanding Total Cost of Ownership

Length: 1 hour 18 minutes

Understanding Total Cost of Ownership

While most firms say they want these systems, most companies still lack effective total cost of ownership systems. At the end of this module the participant will be able to:

  • Define the concept of total cost of ownership (TCO)

  • Appreciate the need for total cost systems

  • Understand a continuum of measurement models

  • Understand three different kinds of total cost models and their applicability—total landed cost models; life-cycle models; and supplier performance index models

  • Identify TCO cost elements

  • Recognize the challenges moving forward when establishing and using total cost of ownership models

 

Supplementary Materials

  • Module Notes & Handouts