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Total Cost of Ownership (TCO)

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Definition

Total Cost of Ownership, for example of an (IT) system. A frequently used measurement to assess the total cost of maintaining, or investing in a new, (IT) system, including hardware, software, installation and maintenance services, and the associated cost of the business process(es) that the (IT) system supports.

Formula

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Tags

TCO, total cost of ownership, maintenance, hardware, software, support, cost

Metadata

Category: VRM Procurement · Added: May 17, 2026

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