Oxford College of Procurement and Supply

AUGUST 23, 2023

In this post, we explain what strategic sourcing is, why it is important and how it can be implemented. The main difference relates to cost. In contrast, strategic sourcing focuses on the total cost of ownership and seeks to create the best possible value. Why is strategic sourcing important?

Strategic Sourcing 52

Strategic Sourcing Import Total Cost of Ownership IT 52

American City & Country

SEPTEMBER 27, 2024

One of the most important factors for local governments to consider before purchasing any new technology is how quickly and effectively it can be integrated into an organization’s existing tech stack without disrupting day-to-day operations. According to Witt, governments must also consider the total cost of ownership of the new system.

Total Cost of Ownership 111

Total Cost of Ownership Cost of Ownership Buyers Buying Process 111

American City & Country

SEPTEMBER 18, 2024

Cross-departmental collaboration and scalable solutions are important to maximizing ROI and adapting to changing citizen demands within budget constraints.” Additionally, it’s important to plan for the entire product lifecycle, factoring in system maintenance, upgrades and eventual replacement when considering budget constraints.”

Purchasing 111

Purchasing Total Cost of Ownership Government Government 111

AWS Public Sector

OCTOBER 3, 2023

Building modern applications in AWS helps customers with increased innovation, speed, reliability, scalability, and security while lowering total cost of ownership (TCO). Containers enhance and modernize public sector applications with improved application quality, portability, security, scalability, and fault isolation.

Efficiency 126

Efficiency Total Cost of Ownership Data Insurance 126

ivalua

OCTOBER 28, 2015

Suppliers have never been more important. Driven by a desire by manufacturers to insulate themselves from spiraling labor costs, manufacturers shifted production of parts and components into the supply chain. This includes total cost of ownership data, detailed supplier profiles, and external business intelligence.

Supplier 40

Supplier Total Cost of Ownership Supply Chain Cost of Ownership 40

ivalua

MAY 28, 2014

This is an especially important message for manufacturers’ supply chain organizations. 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.

Supply Chain 40

Supply Chain Innovation Total Cost of Ownership Cost of Ownership 40

The Procurement School

SEPTEMBER 15, 2023

It is important that key subject matter experts (SMEs) are involved with the planning of the project. The Commercial section details all pricing-related information and where bidders submit their pricing and should it include all applicable costs to calculate The Total Cost of Ownership (TCO).

Procurement 52

Procurement Bidder Procurement Strategies Evaluation 52