Just beneath the waves, are items like maintenance, training, security and support or services. All which may come to find once the time and time to dive a little deeper

WHY TOTAL COST OF OWNERSHIP IS AN ICEBERG

Travelling under the waves, the procurement team would find just how large the iceberg is. With items such as risk management, upgrades, repairs and acquisitions being uncovered of all factors which may involve additional costs

Total Cost of Ownership refers to all the monetary value in which procurement teams face when acquiring, operating, maintaining and disposing of a product or service over its entire lifecycle. But like an iceberg, many factors remain hidden under the water.

Heading even deeper, the iceberg continues, as things which drift out of the mind when ownership comes to mind. Such as license fees, network or system integrations and new equipment which cost affect the businesses bottom line

174 May 2025