PROC 5000_Topical Paper - Complete 1st Draft.docx - Total Cost of Ownership(TCO analysis Topical Paper Complete 1st Draft 1 The Importance of a Properly

PROC 5000_Topical Paper - Complete 1st Draft.docx - Total...

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Total Cost of Ownership (TCO) analysis Topical Paper - Complete 1st Draft 1 The Importance of a Properly Conducted Total Cost of Ownership (TCO) Analysis in Today’s Business Environment Topical Paper - Complete 1st Draft PROC 5000 Abstract
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Total Cost of Ownership (TCO) analysis Topical Paper - Complete 1st Draft 2 Abstract: “The Importance of a Properly Conducted Total Cost of Ownership (TCO) Analysis in Today’s Business Environment”. This topical paper focuses on the importance of a well conducted Total Cost of Ownership (TCO) Analysis in Today’s Business Environment. By ensuring a proper TCO analysis is conducted, businesses in general have a better understanding of where their allocated investments are going, their effectiveness, and lastly reduce the burden of an inevitably passed on costs to the end consumer. The analysis is conducted to uncover the unforeseen costs of items such as the total cost of owning and operating a certain piece of machinery over the long term, the holding of merchandize due to an over forecast in sales, or just the simple overlooked costs associated with transportation charges such as those that steam from FOB destination and the likes. Whatever the situation, the Importance of a Properly Conducted Total Cost of Ownership (TCO) Analysis in Today’s Business is of supreme priority to those who hope to remain competitive in the ever dynamic and evolving market challenges presented by the twenty first century. Table of Contents
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Total Cost of Ownership (TCO) analysis Topical Paper - Complete 1st Draft 3 Cover Sheet ……………………………………………………………………………………. 1 Abstract ………………………………………………………………………………………… 2 Table of Contents……………………………………………………………………………… 3 Introduction……………………………………………………………………………………... 4 The Issue…………………………………………………………………………………… ...... 5 Literature Review…………………………………………………………………… ............... 6 Recommendations…………………………………………………………………… ........... 11 Conclusion…………………………………………………………………… ....................... 12 Assessment of the Writing Process………………………………………………………... 14 Reference List…………………………………………………………………… ................. 15 Introduction
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Total Cost of Ownership (TCO) analysis Topical Paper - Complete 1st Draft 4 Total Cost of Ownership (TCO) analysis is important because it’s results can impacts society in general in that all discovered associated costs for a procurement endeavor are ultimately passed on to the consumer. In the procurement realm this job falls directly with the procurement contracting specialist, however the responsible party is ultimately the Contracting Officer or procurement team leader.
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