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Price is not the same as cost. This video introduces the concept of Total Cost of Ownership (TCO), which looks beyond the purchase price to include all costs associated with a product over its entire lifecycle—acquisition, operation, maintenance, and disposal. Course of CSCP 📚 Topic 01: • CSCP - Topic 01.Supply Chains, Demand Mana... ( 21 Lessons ) 📚 Topic 02: • CSCP - Topic 02.Global Supply Chain Networks ( 34 Lessons ) 📚 Topic 03: • CSCP - Topic 03.Sourcing Products and Serv... ( 32 Lessons ) 📚 Topic 04: Internal Operations and Inventory ( 32 Lessons ) 📚 Topic 05: Forward and Reverse Logistics ( 37 Lessons ) 📚 Topic 06: Supply Chain Relationships ( 33 Lessons ) 📚 Topic 07: Supply Chain Risk ( 32 Lessons ) 📚 Topic 08: Optimization, Sustainability, and Technology ( 41 Lessons ) Timestamps ⏱️00:21 - Total Cost of Ownership (TCO) ⏱️00:49 - Learning Objectives ⏱️01:08 - What is Total Cost of Ownership (TCO)? ⏱️01:54 - The Three Layers of TCO ⏱️04:00 - Why is TCO Important? ⏱️04:58 - Simple TCO Example ⏱️06:19 - Key Takeaway for Beginners 📚 Sourcing Products and Services • 👨🏫Section 01: Aligning Sourcing and Demand • • 🎬 • 056 CSCP Strategic Sourcing Overview • • 🎬 • 057 CSCP Linking Sourcing to Demand Requir... • • 🎬 • 058 CSCP Category Strategy Development • 👨🏫Section 02: Category Strategy for Sourcing • • 🎬 • 059 CSCP Introduction to Category Management • • 🎬 • 060 CSCP The Kraljič Matrix • • 🎬 • 061 CSCP Sourcing Levers and Strategy Impl... • 👨🏫Section 03: Product Design Influence • • 🎬 • 062 CSCP Product Design and Supply Chain C... • • 🎬 • 063 CSCP Early Supplier Involvement ESI • 👨🏫Section 04: Make-Versus-Buy Analysis • • 🎬 • 064 CSCP Make or Buy Decision Framework • • 🎬 • 065 CSCP Factors Influencing Make or Buy D... • • 🎬 • 066 CSCP Capacity, Flexibility, and Risk C... • • 🎬 • 067 CSCP Real World Make or Buy Analysis • 👨🏫Section 05: Sourcing Requirements and Total Costs • • 🎬 • Видео • • 🎬 • 069 CSCP Total Cost of Ownership TCO • 👨🏫Section 06: Supply Base Analysis and Sizing • • 🎬070 Supply Base Analysis • • 🎬071 Supplier Segmentation • 👨🏫Section 07: Supplier Evaluation and Selection • • 🎬072 Supplier Selection Process Overview • • 🎬073 Key Steps in Supplier Selection • • 🎬074 Supplier Selection Criteria • • 🎬075 Emerging Selection Factors • • 🎬076 Weighted Decision Matrix for Supplier Selection • • 🎬077 Example Supplier Scorecard • • 🎬078 Common Pitfalls in Supplier Selection • 👨🏫Section 08: Supplier Contracting • • 🎬079 Types of Supplier Contracts • • 🎬080 Negotiation Strategies • • 🎬081 Key Contract Clauses • 👨🏫Section 09: Purchase Orders and Execution • • 🎬082 Purchase Order Management • • 🎬083 Supplier Performance Monitoring • • 🎬084 Ethical Sourcing Principles • • 🎬085 Sustainable Sourcing Strategies • • 🎬086 ESG Compliance in Procurement • • 🎬087 Building a Responsible Sourcing Program 👍 Liked this video? If you found this helpful, please hit Like and Subscribe for more supply chain and operations management tutorials! 💬 Got questions? Drop a comment below—we read them! #TotalCostOfOwnership #TCO #CostAnalysis #LifecycleCost #ProcurementFinance