Total Cost of Ownership
Reveal hidden costs beyond the invoice price.
Beyond the Sticker Price
Total Cost of Ownership (TCO) is a financial estimate intended to help buyers and owners determine the direct and indirect costs of a product. In procurement, the cheapest supplier is often not the most cost-effective one.
Hidden costs like long lead times (holding costs), poor quality (defect costs), and high duties can easily inflate the final cost by 30-50% over the FOB price.