Total cost of ownership (TCO)is a philosophy for understanding all supply chain related costs of doing business with a particular supplier for a particular good or service.

Question

Quizplus · Accepted Answer

TCO takes into account not only the purchase price of a product or service but also all the costs associated with owning and using it, including maintenance, transportation, storage, and disposal costs.

Total Cost of Ownership (TCO)is a Philosophy for Understanding All