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eSeminar: Total Cost of Ownership Apr 17, 2018 $97 PP
Tuesday, April-17-18 10:00 AM
Online eSeminar delivered via ZOOM
eSeminar: Total Cost of Ownership
Total cost of ownership (TCO) is complex topic of discussion. Procurement tries to estimate the total cost of owning or operating a product, equipment or service as long as it is meeting our intended fit for use or fit for purpose needs. We need to consider product life cycle costs and disposal or remediation costs over several years where many of the variable costs are unknown or may be out of our direct control – legislated requirements for example.
What should be included or excluded in the cost estimates from a procurement perspective? What are internalized costs versus externalized costs? How do cost and volume fluctuations affect a business case? How does the TCO affect our behaviour and reward systems?
An organization may encourage autonomous decision-making in its reporting structure which invites a dilemma over lowest cost versus best value. Can an understanding of TCO remove the subjectivity in these decisions?
This eSeminar will use case studies to address the issues in a TCO analysis and provide quantitative tools for procurement staff to evaluate options and make business recommendations based on objective evaluations.
* Review the key issues which affect TCO
* Examine internalized versus externalized costs
* Explain how fixed and variable costs can be measured
* Discuss the importance of a business case involving subjective values
* Relate our decision-making to information bias
$97 Per Person or choose our EPIC PASS $479 for group access
(With the EPIC Pass you receive one call-in line and project the eSeminar onto the big screen).
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SINGLE - ON Residents ($97 + 13% HST)
SINGLE - PEI Residents ($97 + 14% HST)
SINGLE - NS, NB, NL Residents ($97 + 15% HST)
SINGLE - All other provinces/territories ($97 + 5% GST)
SINGLE - All other provinces/territories and International GST Exempt ($97)
EPIC PASS - ON Residents ($479 + 13% HST)
EPIC PASS - PEI Residents ($479 + 14% HST)
EPIC PASS - NS, NB, NL Residents ($479 + 15% HST)
EPIC PASS - All other provinces / territories ($479 + 5% GST)
EPIC PASS - All provinces | Territories | International TAX Exempt ($479)
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