{"id":14990,"date":"2022-04-27T18:18:48","date_gmt":"2022-04-27T18:18:48","guid":{"rendered":"https:\/\/business.udemy.com\/?post_type=cohort-learning&#038;p=14990"},"modified":"2024-06-06T18:12:26","modified_gmt":"2024-06-06T18:12:26","slug":"analyzing-costs-using-tco","status":"publish","type":"cohort-collection","link":"https:\/\/business.udemy.com\/cohort-collection\/analyzing-costs-using-tco\/","title":{"rendered":"Analyzing Costs Using Total Cost of Ownership"},"featured_media":15701,"template":"","meta":{"_acf_changed":false,"_yoast_wpseo_title":"","_yoast_wpseo_metadesc":"","jv_blocks_editor_width":"","_genesis_block_theme_hide_title":false},"class_list":["post-14990","cohort-collection","type-cohort-collection","status-publish","has-post-thumbnail","hentry","post","with-featured-image"],"acf":{"type":"Course","title":"Analyzing Costs Using TCO","subtitle":"Using the Total Cost of Ownership Approach to Identify and Reduce Costs","cover_image":"https:\/\/business.udemy.com\/wp-content\/uploads\/2022\/04\/analyzing-costs-using-total-cost-of-ownership-1600x900-1.jpg.webp","description":"<p>In this course, learners use the Total Cost of Ownership (TCO) framework to identify a cost analysis project that has the potential to return significant value. They\u2019ll learn how to evaluate possible projects, assemble a cross-functional TCO project team, and map process activities to find cost areas requiring analysis.<\/p>\n<p><strong>Participants will learn how to:<\/strong><\/p>\n<ul>\n<li>Calculate Total Landed Cost, with consideration for tariffs, countervailing duties, and more use TCO methods to conduct competitive bid analysis, including global sourcing contracts<\/li>\n<li>Create a cost database<\/li>\n<li>Estimate costs by applying the 3 As\u2013Actual, Approximate, and Assumption<\/li>\n<\/ul>\n<p>The course also explores the value of working closely with suppliers to develop should cost models in order to better understand pricing strategies and improve how the the organization negotiates with its suppliers. 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