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AccountingTotal Cost of Ownership (TCO)


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  • United KingdomLondon
  • 12 - 16 Jun 2023
  • 20 CPD hours
  • $4,900.00
  • Overview
  • Course Outline
  • Scheduled Dates

Course Overview

Total Cost of Ownership (TCO) is a financial metric that takes into account all the costs associated with owning and operating a product or service over its entire lifecycle. It is a comprehensive way to evaluate the true cost of a product or service, rather than just considering the initial purchase price.

Overall, the Total Cost of Ownership (TCO) course is designed to provide learners with a comprehensive understanding of the TCO concept, its importance, and how it can be applied to make cost-effective purchasing decisions. The course may also cover the application of TCO in different industries, how to incorporate sustainability and risk management, and the role of TCO in innovation and technology.

 

Objective:

  • Understand the concept of Total Cost of Ownership (TCO) and its importance in making informed purchasing decisions.
  • Learn how to calculate TCO for various products and services.
  • Identify and evaluate the different costs associated with owning and operating a product or service.
  • Learn how to use TCO analysis to make cost-effective purchasing decisions.
  • Understand the role of TCO in supply chain management and strategic sourcing.

By the end of the course, learners will have a comprehensive knowledge of the Total Cost of Ownership concept, how to calculate and apply it, and how it can be used to make cost-effective purchasing decisions. It will also cover the application of TCO in different industries, how to incorporate sustainability and risk management, and the role of TCO in innovation and technology. The course will also provide the learners with practical skills to develop TCO analysis plans for an organisation and identify opportunities for cost savings.

 

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Course Outline

Day 1: Introduction to Total Cost of Ownership (TCO) and its significance in purchasing decisions

  • Defining TCO and its components
  • Explaining the benefits of TCO analysis
  • Identifying the different costs associated with owning and operating a product or service.

Day 2: Calculating TCO for various products and services.

  • Describing the TCO calculation process
  • Comparing different products and services using TCO
  • Identifying areas where costs can be reduced.

Day 3: TCO in supply chain management and strategic sourcing

  • Explaining the role of TCO in supply chain management
  • Using TCO to make informed sourcing decisions.
  • Identifying potential cost savings through strategic sourcing

Day 4: Case studies and application of TCO

  • Analysing real-world examples of TCO
  • Applying TCO analysis to a specific product or service
  • Identifying potential cost savings through TCO analysis

Day 5: TCO in the context of a company or organisation

  • Explaining the role of TCO in the overall financial management of a company or organisation
  • Identifying opportunities for cost savings through TCO analysis
  • Developing a TCO analysis plan for an organisation

 

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Schedule & Fees

2+1Offer

Get the most out of group training with our special discount! Register 3 of your participants together on the same course and only pay for 2.

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Location

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  • London
  • Finance

5 Days 20 CPD hours

12 - 16 Jun 2023

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London

London

$4,900.00

  • Finance

5 Days 20 CPD hours

28 Aug - 01 Sep 2023

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London

London

$4,900.00

  • Finance

5 Days 20 CPD hours

20 - 24 Nov 2023

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London

London

$4,900.00

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Total Cost of Ownership (TCO)

  • United KingdomLondon
  • 12 - 16 Jun 2023
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  • United KingdomLondon
  • 12 - 16 Jun 2023
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