4 Viking Modes of Purchase Costs There can have different views about #PurchaseCost, here fsviking.com shares you the Four #CostMode: 1. Purchase Cost – economist view - who calculate the #opportunitycost as part of the purchase cost as well - and emphasize the adding output of each new input- #MarginalCost 2. #ExplicitCost – #accounting view - #accountant is normally steady and conservative, but in an accountant's view, a firm's profit is larger than the economist's view. 3. #finance view - Timing is Costing - Purchase is an activity of #investment - Adding Values 4. Total Cost of Ownership A manufacturing industry view includes: -#Material cost -#Manufacturing cost -#Labour cost -#logistics cost Especially #top500 companies purchasing usually care the costs that adding values.
One more thing about TCO: When you are calculating the TCO, you have to include: -the #quality -the #delivery -the #service after delivery
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