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
- Why is TCO important?
Total Cost of Ownership - Why is TCO important?
Total cost of ownership is also abbreviated as TCO. TCO is important because it shows you what you actually end up spending when you purchase something. This is true for things that require maintenance such as cars and machinery. ... Sometimes, that TCO is greater than what you can really afford.