ivalua

FEBRUARY 25, 2021

Total Cost of Ownership, ERP appears to be cheaper, but is it? In addition to all of these benefits, the total cost of ownership of an ERP-based solution is higher. In fact, 74% of ERP implementations go Over Budget and they take longer to roll out.

supply chain budgeting 221

supply chain budgeting Supply Chain Optimization supply chain software solutions Supply Chain Efficiency 221

SCMDOJO

JANUARY 9, 2025

Improving Cost and Quality Every decision in strategic sourcing impacts the total cost of ownership, the quality of goods or services, and supply chain resilience. According to a McKinsey report, firms that develop strong supplier partnerships are 35% less likely to experience significant supply disruptions.

Strategic sourcing 98

Strategic sourcing Strategic sourcing Sourcing Procurement 98

SCMDOJO

APRIL 11, 2025

Struggling with the true cost of ownership or serving your customers? Track Progress Over Time: Monitor trends and see if your improvement initiatives are actually working. Want to know which Supply Chain KPIs you should be tracking? Check out SCMDOJO’s Supply Chain KPIs Dashboard! Our course breaks down TCO/TCS.

Supply Chain KPIs 52

Supply Chain KPIs Supply Chain Efficiency Agile and Lean Supply Chain supply chain software solutions 52

Jaggaer

FEBRUARY 5, 2025

Mastering Strategic Sourcing: Efficiency and Cost Savings in Procurement Strategic sourcing is a data-driven approach that focuses on long-term supplier partnerships rather than one-time cost reductions. Key elements include total cost of ownership (TCO) analysis, supplier relationship management, and category management.

Strategic sourcing 52

Strategic sourcing Strategic sourcing Sourcing Real-time Visibility 52

ivalua

JULY 15, 2015

Strategic sourcing requires an intense focus on the total cost of ownership, while incorporating customer needs, organizational goals, and market conditions. Since its inception in the late 1980s, strategic sourcing has always been about getting the best value for the goods and services purchased from third party suppliers.

Strategic sourcing 147

Strategic sourcing Strategic sourcing Sourcing Cost of ownership 147

SCMDOJO

JULY 3, 2023

In this course, you will explore various essential aspects, including the definition of Total Cost of Ownership, key considerations, the impact of the green economy, realities of the post-Covid supply chain, and a comprehensive cost calculation checklist. Total Cost of Ownership – Definition Lesson 2.

Cost of ownership 98

Cost of ownership Procurement Category management supply chain software solutions 98

Supply Chain Game Changer

AUGUST 4, 2020

These lessons must inspire actions plans, strategies, investments, and deployable projects to ensure that our Supply Chains are more robust and resilient in the future.

Supply chain 128

Supply chain Cost of ownership Supply Logistics 128

Procurement Tactics

SEPTEMBER 7, 2022

The total cost of ownership. Life cycle costing. Organizations can also be saved from the economic costs of disruptions in sustainable procurement such as noncompliance with environmental organizations. Cost reduction. Governmental Pillar. Sustainable economic development. Emerging markets. Value for money.

Sustainability 163

Sustainability Procurement Cost of ownership Supply Chain Efficiency 163

Procurement Insights

JANUARY 3, 2025

Emphasis shifted from pure cost savings to total cost of ownership (TCO) and value creation. Shift to Total Cost of Ownership (TCO) : Procurement began focusing on TCO and value realization , aligning more closely with CIOs priorities of delivering long-term value from IT investments.

Agile and Lean Supply Chain 52

Agile and Lean Supply Chain supply chain budgeting Supply Chain Efficiency Procurement 52

Procurement Leaders

FEBRUARY 26, 2024

It would mean that organisations could make progress in shifting corporate thinking so procurement spend is seen as an investment rather than a cost; and that short-term, opportunistic, and savings-driven decisions are consigned to history.

Cost of ownership 130

Cost of ownership Agile and Lean Supply Chain Sustainability Procurement team 130

Procurement Tactics

SEPTEMBER 21, 2022

Businesses of all sizes need to save money and reduce costs as much as possible. Sustainability in procurement helps reduce the total cost of ownership through the reduction of energy costs, minimized consumption, over-specification, and environmental and social compliance cost. Risk reduction.

Sustainability 188

Sustainability Procurement Cost of ownership Suppliers 188

Una

MAY 10, 2023

Highlights In this interview, Cory shares his knowledge about leading packaging innovations: What other materials – in addition to corrugated cardboard – come up frequently in conversations with experts How sustainable packaging intersects with corporate sustainability/ESG efforts The metrics and KPIs used to measure improvements in packaging (..)

Sustainability 98

Sustainability Cost of ownership Supply chain Sourcing 98

Procurement Tactics

MAY 2, 2023

Social Benefits Spread awareness about climate change Eradicates child labor Equal treatment at work Improves the well-being of people Enhances community engagement Eradicates unjust labor practices Pressures the market to be responsible for their actions 3.

Sustainability 204

Sustainability Procurement strategies Negotiation Ethics 204

Una

NOVEMBER 1, 2022

The initial cost of goods is important, but strategic sourcing takes several other factors into account, which can include: Total Cost of Ownership Innovation Security of supply Quality Social responsibility Sustainability Total Cost of Ownership (TCO) shows how strategic sourcing goes beyond an item’s short-term purchasing pricing.

Strategic sourcing 98

Strategic sourcing Strategic sourcing Sourcing Cost of ownership 98

Procurement Tactics

SEPTEMBER 15, 2022

Use the Total Cost of Ownership (TCO) approach when buying. A total cost of ownership assessment adds the financial costs over a product or service’s life cycle. Doing this can help you find new suppliers that are aligned with your organization’s social and environmental priorities.

Purchasing 130

Purchasing Sustainability Cost of ownership Supply Chain Efficiency 130

Supply Chain Collaborator

JANUARY 7, 2020

What is the total cost of ownership? Especially in a market where the leading Tier 1 TMS technologies all offer very similar functional capabilities. Two Critical Questions to Explore in Selecting a TMS Solution and Provider. Many solutions charge extra for the following services: Ongoing user training and support.

Cost of ownership 92

Cost of ownership Supply Chain Efficiency Supply chain Import 92

SCMDOJO

SEPTEMBER 19, 2024

If you graduated from a program focusing on supply chain management or completed professional certification in procurement, the coursework and educators always say that piece price isn’t the total cost of ownership of the item purchased. Everyone agrees with this view, including executives and boards.

Price 98

Price Suppliers Cost of ownership Quality 98

Procurement Tactics

APRIL 3, 2023

Economic Benefits Businesses can increase their profits by adopting a total cost of ownership approach to life-cycle cost. Also, businesses can meet or exceed the requirements set by national or international laws if they operate responsibly.

Sustainability 183

Sustainability Procurement Supply Chain Efficiency Procurement strategies 183

ivalua

MARCH 18, 2021

Ultimately, the buyer can efficiently compare offers and select the optimal supplier(s) according to a best value/best price logic or lower total cost of ownership. This greatly increases the company’s agility, allowing highly efficient purchasing operations.

Strategic sourcing 130

Strategic sourcing Strategic sourcing Sourcing Buyers 130

Procurement Tactics

APRIL 5, 2023

Economic Benefits Ensures the security of the supply The total cost of ownership Compliance with environmental regulations Safe environment for workers Improve brand image Ensures business continuity Gain savings through efficient resource usage Demand management Minimize business risks If you want to read more about the advantages, click here.

Sustainability 187

Sustainability Procurement Supply Chain Efficiency Procurement strategies 187

ivalua

OCTOBER 28, 2015

This includes total cost of ownership data, detailed supplier profiles, and external business intelligence. Create a specific data map. Next, determine ahead of time the exact type of information that needs to be collected and analyzed in support of better supplier engagement. See below for examples.

Suppliers 100

Suppliers Cost of ownership Collaboration Price 100

Jaggaer

APRIL 9, 2025

But investigate the total cost of ownership (TCO) rather than price alone consider licensing, implementation, maintenance, and training costs. Do they have a good track record on cybersecurity, and do they have the relevant certifications? Your budget obviously plays a big role in your considerations too.

Supply Chain Efficiency 52

Supply Chain Efficiency Agile and Lean Supply Chain Raw materials supply chain software solutions 52

Planergy

FEBRUARY 24, 2025

Prioritize Total Cost of Ownership (TCO) TCO goes far beyond the initial purchase price, considering the entire lifecycle of an asset or service. Measuring Procurement Effectiveness Key performance indicators for educational procurement include: Cost Savings Percentage: Its not about spending less but the value for money.

Procurement 52

Procurement supply chain budgeting Supply Chain Efficiency Budget 52

Strategic Sourceror

JULY 11, 2022

What will be your total cost of ownership to partner with another supplier? Total cost of ownership refers to the estimation of overall expenses for developing a given product when factoring in all of the process aspects that go into its creation. This helps to more accurately determine your return on investment.

Cost of ownership 57

Cost of ownership Suppliers Supply Chain Efficiency Strategic sourcing 57

Procurement Templates

SEPTEMBER 14, 2023

Total Cost of Ownership (TCO) : TCO Analysis : Conduct a comprehensive analysis of the total cost of ownership, factoring in not only the purchase price but also long-term operational costs, maintenance, and sustainability-related costs.

Sustainability 130

Sustainability Supply Chain Efficiency Procurement Ethics 130

ivalua

MAY 28, 2014

The Cloud: Gartner stated that in 2013 cloud adoption rose by 40%, driven by the low total cost of ownership, which reduced both infrastructure and overall maintenance costs. At one time, these were innovative, effective tools but compared to the Nexus of Information, spreadsheets and email have become slow and limiting.

Supply Chain Optimization 100

Supply Chain Optimization Innovation Supply chain Cost of ownership 100

SCMDOJO

MARCH 14, 2025

Identify the Lowest Evaluated Bidder / Best Value Proposal Select based on cost and additional benefits. Consider total cost of ownership (TCO) rather than just initial cost. Best Practices: Use weighted financial models instead of lowest-price-only selection. Conduct sensitivity analysis to assess price reasonability.

Bidding 58

Bidding Contract Contract management Price 58

Spend Matters

JANUARY 8, 2024

There has also been a growing appreciation that, when done intelligently, buying closer to home can not only ensure greater reliability of supply and higher flexibility, but also be more cost-effective in terms of Total Cost of Ownership.

Procurement solutions 101

Procurement solutions Supply Chain Optimization Procurement Supply Chain Efficiency 101

Procurement Insights

MARCH 17, 2025

Ideal for complex, high-stakes negotiations where game theory can model supplier behavior and optimize total cost of ownership. Appeals to users valuing transparency and control over negotiation prep. nnamu : Targets mature procurement teams ready for AI-driven automation (e.g., large enterprises, strategic sourcing).

Negotiation 52

Negotiation Procurement team Real-time Visibility Cost of ownership 52

Arkestro

NOVEMBER 12, 2024

Today’s procurement challenges go far beyond cost negotiations and sourcing. Businesses must now navigate sustainability, risk management, and total cost of ownership (TCO)—which now are shifting more spend into the “defer” or “ignore” buckets.

Procurement 52

Procurement Bidding Procurement team Supply Chain Efficiency 52

World of Procurement blog

APRIL 23, 2024

Adopt a Total Cost of Ownership (TCO) Approach Evaluating purchases based on the total cost of ownership rather than just the initial price can lead to significant savings. TCO takes into account all costs associated with the lifecycle of a product or service, including acquisition, operation, maintenance, and disposal.

Cost of ownership 52

Cost of ownership Supply Chain Efficiency Procurement supply chain budgeting 52

World of Procurement blog

APRIL 23, 2024

Adopt a Total Cost of Ownership (TCO) Approach Evaluating purchases based on the total cost of ownership rather than just the initial price can lead to significant savings. TCO takes into account all costs associated with the lifecycle of a product or service, including acquisition, operation, maintenance, and disposal.

Cost of ownership 52

Cost of ownership Supply Chain Efficiency Procurement supply chain budgeting 52

Empowering CPO

DECEMBER 9, 2020

Baseline can be defined as the total cost of ownership for the set of goods or services as defined in the RFP scope. Extrapolating Total Cost of Ownership because of change in projected quantity or Service Levels. Making appropriate assumptions in absence of data.

Data 52

Data Cost of ownership Strategic sourcing Strategic sourcing 52

SCMDOJO

JULY 29, 2022

That the only relevant costs are holding costs, setup and ordering costs : [3]. We recommend taking a very detailed course by SCMDOJO Expert Corey Weekes on T otal Cost to Ownership & Serve.

Quantity 131

Quantity Supply chain management Supply chain management Supply Chain Efficiency 131

IBM Supply Chain Blog

AUGUST 31, 2023

Conversational search uses generative AI to free up human authors from writing and updating answers manually; this accelerates time to value and decreases the total cost of ownership of virtual assistants. The post IBM watsonx Assistant transforms content into conversational answers with generative AI appeared first on IBM Blog.

Cost of ownership 79

Cost of ownership Sourcing Data Collaboration 79

SCMDOJO

JULY 18, 2024

While biofuels might have slightly higher initial costs, government incentives can help offset the difference. Evaluating the total cost of ownership, including fuel prices, maintenance requirements, and government incentives, is crucial when considering alternative fuels (Department for Transport, 2005c).

Supply Chain Efficiency 105

Supply Chain Efficiency Cost of ownership Supply Chain Optimization Sustainable transportation 105

Skill Dynamics

NOVEMBER 17, 2022

These can take many forms, for example implementing a new process or tool that will help with supplier negotiations, being involved earlier by the stakeholder in an RFP process, or using total cost of ownership (TCO) analysis to select a supplier.

supply chain budgeting 96

supply chain budgeting Cost of ownership Supplier negotiation Supply chain 96