Moving beyond simple cost savings to a Total Cost of Ownership (TCO) approach is essential for strategic MRO procurement. This panel brings together leading experts to discuss how TCO analysis can transform MRO procurement, driving significant value and improving long-term cost-effectiveness. The panel will also clarify the distinction between TCA and TCO, highlighting why focusing solely on acquisition costs can be misleading. Learn how to consider factors beyond initial price, such as maintenance, repair, and lifecycle costs, to make more informed MRO purchasing decisions.

Key Takeaways:  

• Develop a strategic approach to TCO implementation 
• Identify and quantify hidden costs associated with purchasing decisions 
• Make data-driven purchasing decisions based on long-term value 

Uncontrolled "tail spend" can significantly drain MRO budgets and impact profitability. This panel brings together leading experts to discuss how to gain control over this often-overlooked area of spending. Attendees will learn how to reduce costs, improve efficiency, and free up valuable resources for more strategic MRO initiatives.