2.19 Total Cost of Ownership (TCO) and Life Cycle Costing Calculation (LCC)Learning plan

What is the difference between these two calculation methods? Why are life cycle costs so important for sustainable procurement? How does this calculation work? We explain this to you in this module.

The module covers the following content:

Price vs. Cost and Total Cost of Ownership – Types & Calculation​
  • Just the tip of the iceberg ... - the price and its hidden costs
  • Price and costs are not the same​: Explanation and differentiation of the terms price, TCO and LCC
  • Total Cost of Ownership (TCO)
  • Different types of business costs
  • Calculation of TCO
  • Exercise: which option do you choose?
Lifecycle Costing Calculation including external costs (whole costs)
  • Price and costs are not the same: Introduction to Life cycle costs (LCC)
  • Lifecycle costing calculation including external costs (whole costs)​
  • Societal consideration​: Examples of environmental and social external costs
  • External costs of a t-shirt
  • Unpaid external costs along the value chain
  • «True» price along the value chain​
  • Natural capital protocol: Targets and process of the protocol
  • Integrated profit loss statement​

Course languages: German, English with optional Mandarin subtitles

课程语言:德语、 英语、 英语发音中文字幕
Course type Seminar
Learning Duration 32 Minutes
Price 160.50 EUR (incl. 7% VAT rate)
Target Group
This module is aimed at:
  • Tactical Purchasers and Supplier Managers
Learning Objectives
After having accomplished this training, the participant will:
  • Understand the difference between the total Cost of Ownership (TCO) and Life Cycle Costing Calculation (LCC)
  • Know various direct and indirect cost types and the importance to integrate external costs into price evaluations
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Prüfungsordnung 52,6 KB
Examination Regulations 47,3 KB
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