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To help businesses anticipate hidden costs, total cost of ownership (TCO) measures the total cost of products or services over their entire lifecycle. Being able to establish Key Performance Indicators (KPI) for Total Cost of Ownership will enable effective decision-making and cost optimization. This short introduction examines the various KPIs that can be used for TCO.
The questions answered in this short course include:
Why Is Total Cost of Ownership Important?
What are the Costs Associated with Total Cost of Ownership?
How to Calculate Total Cost of Ownership
How to Reduce Total Cost of Ownership
What Are the Related Metrics and KPIs?