What does TCO stand for?

Total Cost of Ownership

What does TCO mean?

TCO is a way of looking at the complete cost of an asset, including initial acquisition, maintenance, repairs and other associated costs throughout the lifetime of the product.

Why is TCO important?

TCO can be an important way to judge the long term benefits of a product. It also takes into account the overall saving for a product that may have a high purchase cost but a long and efficient lifespan.

 

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