How to Minimize Total Cost of Ownership

Hi all,

We all, at some time or the other have some disputes with other functional managers on various aspects. One such aspect is the purchase function. In the name of cost control, the FMs may land up with a cheaper product that may work out costlier in the long run in view of higher life cycle cost, maintainability, higher wear and lesser total life etc.

The linked article talks about these aspects. 

How to Minimize Total Cost of Ownership.