Total Cost of Ownership
In a past Gartner Group Measurement, it is stated that best practices associated with total cost of ownership (TCO) contribute to a corporate reduction in costs anywhere from 17%-26%. This makes TCO a very crucial component to any corporation’s long term growth and success. With that said, it seems a true understanding and mastery of total cost of ownership is elusive for many businesses.
The challenge associated with total cost of ownership is to determine both the direct and indirect costs of any corporation’s facilities investment. The key is to leverage technology and implement processes to reduce costs while maintaining and/or increasing that corporation’s overall efficiency.
CFI has helped numerous organizations understand and manage their TCO to streamline their organization and make the best use of people, processes and technology. Time and again, this has contributed to reduced and controlled costs, accelerated project planning, and improved effectiveness while at the same time stripping away unnecessary expenditures that may have otherwise gone unnoticed.
