Overview
This workshop is focused on working with the senior leadership team on developing Total Cost of Ownership (TCO) models for the company. The workshop will provide an in-depth understanding of TCO and its capabilities for focusing the organization on the key drivers of cost. The workshop is designed to be completed over a multi-week period that will culminate with a customized TCO model and implementation plan for the company.
Objectives
- Learn about the Total Cost of Ownership
- Define the key elements of cost
- Create custom TCO model(s) for the company
- Define key measures for TCO
- Identify strategic and operating gaps in the company’s data gathering and measurement processes
- Create a TCO implementation plan
- 1 day for introduction to TCO, identifying cost elements and data gathering assignment
- 1 day for data review, discussion of strategic and operating gaps
- 1 day for goal setting, preparing the implementation plan and developing the TCO process
- Understanding Total Cost of Ownership and how to use it in the business
- Developing the primary cost drivers in the business and understanding how they affect various functional activities
- Focus on business processes that significantly impact cost
- Understanding the full procurement and decision making processes in the company
- Customized TCO model(s)
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