Supply Chain Glossary

Glossary  >  T  >  Total Cost of Ownership  


 

Total Cost of Ownership


Source: Procurement Glossary
Author: Paul Rogers
Institute: CIPS - UK

Courtesy of


 

The concept of total cost of ownership highlights the fact that the initial purchase price is a small component of the total cost of some assets.  Support, maintenance, training, insurance, security, energy consumption and disposal, all add to the total cost of ownership.  The concept is widely used in procurement, though calculation of the total cost is not as straightforward as calculating the acquisition cost.  All lifetime costs need to be identified and assumptions made about the scale of future costs, which are then incorporated in an overall cost model.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 




Job Opportunities
 
Imaging Order Management Logistics Specialist
     
     Nashville, Tennessee  -  PERM  -  Philips

Quality Manufacturing Engineer
     
     Murrysville, Pennsylvania  -  PERM  -  Philips

Global Supplier Account Manager
     
     Home Based  -  PERM  -  Philips

Supply Chain Quality Engineer
     
     Mount Pleasant, Pennsylvania  -  PERM  -  Philips

Electrical Engineer - Procurement
     
     Bothell, Washington  -  PERM  -  Philips

Supply Chain Project Manager
     
     Murrysville, Pennsylvania  -  PERM  -  Philips

Transportation Manager - Americas Region
     
     Bothell, Washington  -  PERM  -  Philips

Category Sourcing Manager
     
     Nashville, Tennessee  -  PERM  -  Philips

Transport Specialist (Nashville, TN)
     
     Nashville, Tennessee  -  PERM  -  Philips

Supply Planner
     
     Murrysville, Pennsylvania  -  PERM  -  Philips

Physical Distribution Manager
     
     Lockbourne, Ohio  -  PERM  -  Philips

Material Handler 3
     
     Reedsville, Pennsylvania  -  PERM  -  Philips

Procurement Manager Bay Area, CA
     
     Bay Area, CA  -  PERM  -  Teldar Group

Procurement Director Bay Area, CA
     
     Bay Area, CA  -  PERM  -  Teldar Group

Sourcing Manager North Carolina
     
     North Carolina  -  PERM  -  Teldar Group

 

Supply chain E-learning



Explore available supply chain e-learning modules by language and academy



News & Trends
 

Last update 10 May 2022
April PMI rises to seven-month high amid stronger demand, despite sharper price increases
   Source: S&P Global US Manufacturing PMI   -  IHS Markit
United States 


Fashion

Today’s omni-channel marketplace means competition is increasing, consumers are demanding more relevant products, inventory lifecycles are shorter and fulfillment is incredibly complex. Business conditions are constantly changing, which means you need the flexibility to adapt quickly and continu...

Part 2, Insights from the 2021 Logistics Executive Survey: The New Normal of Logistics

Our recently launched 2021 Logistics Executive Survey aims to seek out the “New Normal of Logistics.”  The survey tracks the pulse of the market as logistics operations are emerging from the COVID-19 ...


Education
 

Local & Regional Agenda
 


Resources
 
Tudor Rose International increases productivity through integrated SCM platform ASSIST4

Tudor Rose International is Europe’s leading export market management company specialising in building brands around the world. In business for nearly 30 years, the innovative company mastered an ambitious IT mo...

Investigating Sales Management Role in Commercial Returns: Enhancing the changes of cusomer needs

The business-to-business competitive environment is dramatically changing, and firms need to learn how to keep up. Manufacturers must attempt to deliver incremental value to enhance business relationships and to do this ...


International Agenda