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Could you define the cost ownership? and how the procurement specialist can use it?

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Question added by Mohammed Ali , Owner’s Representative , BRISTORIA HOTEL
Date Posted: 2014/02/15
Rajesh unni
by Rajesh unni , Business Development Executive , V4 BRANDING

cost ownership is a financial estimate for owners and buyers to determine the direct and indirect cost of a product, it includes all the expenses other than the landing price.it is always important for a procurement specialist to analyse and evaluate the full cost of a decision rather than only focusing on the initial landing cost of a product

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