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Total cost of ownership: The challenge of effective supply chain management

from By Frank Wilhelm

Companies are always looking for creative ways to reduce costs and expand profit margins. In some cases, new and innovative approaches are employed. In others, proven but overlooked techniques are being resurrected and applied. The impact of total cost of ownership upon cost reduction and profit elevation among capital-intensive industries is quite significant, yet this approach has been largely missed. Many industries would benefit greatly from the adoption of this concept. more

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