I’m in the process of writing an essay on the efficiency of the procurement function within the enterprises and I’m finding some interesting facts.
You’ll agree with me if I say that most of the current literature balances around TCO (total cost of ownership), but this is not what is godsmacking me. Surprisingly (or not!), is the e-industry which is monopolising TCOs here and there. Good job Mr Big Blue!.
Just as a matter of interest, I’ll use “total cost of procurement”. Yes!, TCP, as in TCP/IP, we’re in a draw!.