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.