Total Cost of Ownership (TCO)

Total Cost of Ownership (TCO) is a 6 page document with instructions for tailoring, a document revision record, a document ownership and status page. The document gives an overview of TCO, considerations for procurement department and TCO considerations. The document is perfectly customisable for any organisation, with sections to implement a company logo and edit the document details to customise to your organisation.   

About this Document

This Total Cost of Ownership (TCO) document provides an introduction to the concept of TCO.  With Procurement functions playing a key role in the process of third party spend which is a substantial part of any organisation’s total costs, TCO is key to analysing direct and indirect cost analyses and evaluation methods.

It is recommended that this document be made available to your entire organisation.  For more information and recommendations on implementing TCO, you can contact Promitheia to arrange a one-on-one virtual meeting.

Tailoring this Document

Text highlighted in yellow square brackets, i.e. [text] are input fields for you to complete or select from the options provided in order to be suitable to your specific requirements.  Where the square brackets contain [COMPANY], this is for you to replace with your organisation’s name. 

Instructions or helpful information on how to use the document have been provided in blue italics.  This text should be deleted prior to finalising the document for use.

Headings are linked to styles which can be customised to your Company colour palette.

This document contains the Promitheia reference number and logo in the footer.  You may delete or replace this information at your discretion.

References to other Promitheia documents include the title and document reference number and are indicated with underlined text, i.e. Contracts & Procurement Procedure (XXX-CP-GOV-CPP-000).