Total Cost of Ownership

The concept of Total Cost of Ownership (TCO) describes the determination of all costs incurred in connection with a purchased product or service. The consideration includes both initial expenses for the purchase or acquisition as well as recurring, additional costs for operation and maintenance. The concept was developed by Gartner specifically for the IT environment: here, the total costs can relate to hardware and software or even complete systems and digital infrastructures. There is no standardized model for calculating TCO. Common concepts follow a best-practice approach that relates to the respective area of application. A distinction can be made between direct costs (e.g. purchase price, training costs, subscription, maintenance and license fees) and indirect costs (e.g. opportunity costs due to unavailability as well as work and production downtime during a malfunction or problem solution).

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Customer Experience February 6, 2025

X + Y = profitability in e-commerce: variables for greater cost efficiency

In 2025, companies are navigating a tightrope between increasingly complex challenges and the need to invest in future viability. What strategies and systems help build real business value and contain operating costs in uncertain times? Let's explore and seize the opportunities for a profitable online business together.

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SAP Asset Lifecycle Management July 18, 2024

Optimal maintenance KPIs: Efficiency along the asset lifecycle

The interaction between purchasing, production and maintenance as well as the use of design data and technical diagnostic procedures are key factors for key maintenance figures. Asset lifecycle management refers to the comprehensive management of assets over their entire lifecycle. Learn more!

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SAP Services June 22, 2022

SAP S/4HANA Brownfield Conversion – Step by Step to the Private Cloud

A brownfield conversion to SAP S/4HANA Private Cloud using RISE with SAP enables a step-by-step digital transformation. Companies save time and resources, retain their proven processes, and can selectively exploit optimization potential.

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SAP Services June 3, 2022

RISE with SAP for Migrating to the Private Cloud

With RISE with SAP and SAP S/4HANA Private Cloud, companies enjoy the benefits of two worlds when it comes to digitization: They receive proven on-premises functionalities as well as the added value of service-oriented software usage.

valantic Survey-Report SAP S/4HANA Study

SAP Services May 11, 2022

SAP S/4HANA Study 2022

The valantic SAP S/4HANA Study 2022 revealed exciting trends: 95% of respondents want to switch to the new software. A brownfield migration is the favorite. Many are interested in process mining, but further clarification is still needed for RISE with SAP.