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
