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Best Value and Total Cost of Ownership

TITLE:Best Value and Total Cost of Ownership
COURSE DESIGNATION:Phase II – Strategic Sourcing
CERTIFICATE PROGRAM:Strategic Sourcing E-Learning Curriculum
CREDIT HOURS:4
TIME TO COMPLETE:21 Days
 
DESCRIPTION: This course provides an overview of Total Cost of Ownership and Best Value Procurement.
OBJECTIVES: In this lesson, you will understand the concept and elements of Total Cost of Ownership, and how it contrasts with best value procurement.
At the end of this lesson you will be able to:
  • TCO and Best Value Concepts
  • TCO Elements
  • Best Value Considerations
  • TCO Teams
  • TCO and Supplier Innovation
 
Syllabus
  • TCO and Best Value concepts
  • TCO Elements
  • Best Value Considerations
  • Measuring TCO
  • Teams
  • Leveraging Supplier Innovation
  • Wrap-up