Total cost of ownership in Global sourcing
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Total cost of ownership (TCO) is often underestimated or poorly analysed in global sourcing. Some reasons for this include lack of time, lack of a comprehensive framework, following strategic directive to global source, lack of data for understanding the total cost. In this blog the focus is on the lack of a comprehensive overview for understanding the different cost elements involved in global sourcing. Adaptation of the famous and the much adapted total cost of ownership by Prof.Lisa Ellram is contextualized for global sourcing. Three broad elements of TCO has been (1) Pre transaction elements (2) Transaction elements (3) Post transaction elements. Pre transaction costs and post transaction costs are generally poorly considered. Most of the transaction costs are considered well in the TCO in actual practice. The below picture captures the TCO in global sourcing context.
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| Total cost of Ownership in global sourcing |
4 comments:
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Thanks for sharing this blog I found this very informative as I am also doing my distance learning MBA in supply chain management and I found this very helpfull.
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