Enterprise glossary and term center
Research and understand all the intricate terms and definitions that surround the ecosystem of enterprise resource planning (ERP), enterprise software and no-code tools.
- Enterprise terms
- Total Cost of Ownership
- How is total cost of ownership calculated?
Total Cost of Ownership - How is total cost of ownership calculated?
The total cost of ownership, or TCO, includes the purchase price of a particular asset, plus operating costs over the asset's lifespan.