Asked by Emanuel Holesome on Jun 11, 2024
Verified
Qualifying sources is an example of a post-transaction cost phase in the total cost of ownership model.
Qualifying Sources
The process of evaluating and approving potential suppliers based on specific criteria to ensure they can meet an organization's requirements for quality, reliability, and service.
Post-Transaction Cost
Expenses incurred after a purchase, including handling complaints, returns, and warranty claims.
Total Cost of Ownership
The comprehensive assessment of the complete cost of acquisition and operation of a product or system over its useful life.
- Understand the stages and factors involved in the total cost of ownership model.
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Learning Objectives
- Understand the stages and factors involved in the total cost of ownership model.
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