Course presentation

Course Level: 

Basic level course.  Approx: 15 minutes.


Course Description:

Total Cost of Ownership (TCO) is a powerful methodology that helps procurement professionals make better decisions, identify long-term savings opportunities, and improve the sustainability aspects of a company's purchases. By focusing on TCO, procurement teams can optimize purchasing processes and create long-term value for their organizations. Combined with category management, TCO is a strong competitive advantage, generating significant savings while strengthening supplier relationships and fostering innovation across multiple levels.


Learning Objectives:

Total Cost of Ownership (TCO) is a methodology that helps buyers make informed decisions by considering all costs associated with a product or service throughout its lifecycle.

This course provides an overview of TCO, its significance for buyers, and how to implement it in the procurement process.


Who Should Enroll:

  • Individuals starting their career in purchasing.

  • Professionals in other fields considering a shift to a procurement role.

  • Anyone interested in understanding the fundamentals of purchasing in the business context.


Why This Course:

This course is designed to provide future and current professional buyers with a comprehensive understanding of TCO and its application in the procurement process, enabling more cost-effective and sustainable decisions.

Course curriculum

    1. Learning Targets

      FREE PREVIEW

    1. Understanding TCO Fundamentals

    1. TCO cost components

    1. Adapting the Sourcing Processes

    1. Case introduction

    2. Case Study: Applying TCO to Aluminum Profiles

    3. Case conclusion

    1. LHTS quiz

About this course

  • €75,00
  • 13 lessons
  • Tactical buyer - Basic level
  • 20 minutes
  • Quiz and Certificate

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About Learn How to Source

Learn How to Source is an online platform based in Sweden, offering a range of procurement courses accessible globally. It serves as a community where procurement experts share their knowledge through online courses, designed for various experience levels from introductory to expert. Courses are concise, about 30 minutes each, and cover different aspects of procurement, tailored for different buyer roles. The courses focus on practical knowledge, presented by seasoned professionals, and include quizzes and certificates. They can be accessed from any device, emphasizing microlearning for flexibility and efficiency.