Let's Talk Procurement
Welcome to "Let's Talk Procurement" - the procurement podcast where Lukes 1 and 10 navigate the wild world of purchasing with a side of humour and a dash of dad jokes. 🛍️ Join Luke 1, the procurement prodigy, and Luke 10, the tender-hearted jokester, as they untangle the knotty world of supply chains and contracts, one laugh at a time. From negotiating deals to chasing down the best bulk discounts, these Lukes have it all covered – and yes, they'll probably throw in a few puns along the way. Take a break from the text books & join us on the journey to procurement enlightenment served with a smile and a sprinkle of procurement magic! 🌟✨
Feel free to get in touch with us on our socials or 2lukes1cip@gmail.com.
https://linktr.ee/letstalkprocurement
Disclaimer: The views and opinions expressed on this podcast are like coffee preferences – diverse and subject to change. The hosts may spill the beans on their thoughts, but they don't claim to be everyone's cup of tea. Listener discretion is advised. Remember, it's all in good fun and the only thing brewed here is a blend of entertainment and conversation with a hint of education. Sip responsibly! ☕🎙️
Let's Talk Procurement
S2.E14. Total Cost of Ownership - All you need to know
What is Total Cost of Ownership & why is it important for you?
In this insightful episode of “Let’s Talk Procurement,” hosts Luke 1 and Luke 10 dive deep into the concept of Total Cost of Ownership (TCO). Often, procurement professionals focus solely on the purchase price, but TCO takes a broader view, considering all costs associated with acquiring, operating, and maintaining a product or service over its entire lifecycle.
Join the Lukes as they break down the components of TCO, including direct and indirect costs, and share real-world examples of how understanding TCO can lead to smarter purchasing decisions. Whether you’re a seasoned procurement pro or just starting out, this episode will equip you with the knowledge to look beyond the initial price tag and make more informed, strategic decisions.
Tune in for a blend of practical advice, industry insights, and a sprinkle of humor as the Lukes make the complex world of procurement a little more approachable and a lot more fun!
Please get in touch as we love to hear from you listeners! You can use the "text" function above or drop us on email: 2lukes1cip@gmail.com or visit our website www.letstalkprocurement.co.uk
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Cya Later
