Total Cost of Ownership: Why Does It Matter?

Categories : Procurement Goals | Save Money | Set Strategy Published on : Mar 09 2018

By: ProcurementIQ Staff Writer Kiera Outlaw

If you’re reading this, you already understand what Total Cost of Ownership (TCO) is. You’ve read a ton of different definitions and even looked up a few formulas. So, we get it – you get it. We won’t waste your time explaining and defining a concept that you’re already so well versed with. But, we do want to briefly discuss just why TCO matters so much.

More from Procurement Insider

  • Articles & Insights

Reverse Auction: What It Is and Why Consider It

  • Save Money , Identify Suppliers, Conduct RFP Strategy , Reverse Auctions, RFP, RFP Strategy
  • Market News

Demand is Heating Up for HVAC Systems

  • Save Money , Set Strategy , HVAC, Construction, Climate Change, Tax Incentives
  • Market News

Sourcing Strategies to Pump New Life into Healthcare Purchasing

  • Save Money , Negotiate, Set Strategy , Healthcare Purchasing, Healthcare Procurement
  • Best Practices & Case Studies

A Leading Financial Services Company Scores a Trifecta of Success

  • Save Money , Reduce Risk, Set Strategy , Best Practices