Procurement Legends

How to Design Procurement with Total Cost of Ownership in Mind with Louis Bastone


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Louis Bastone


Louis Bastone is an Indirect Procurement Pro with a Supply Chain Masters Degree. This is evident in that Louis is an avid reader and consumer of content in this space. He also knows a lot and decided to give us all a lot of value in this episode talking about Total Cost of Ownership.


Total Cost of Ownership is the principle of knowing and ensuring you procure goods/services that include the soft/hard costs of the goods or services. Yet, this is often neglected at the Procurement Stage and manyOrganisations end up paying out large sums of money on repairs, maintenance or additional services as these were not considered or requested.


Louis breaks down Total Cost of Ownership and gives us a practical and useful way of applying it in your day to day work.


Connect with Louis on LinkedIn - https://www.linkedin.com/in/louis-b-0695b749/


Check out the books that Louis recommended:


Purchasing Advantage by Running a World Class Purchasing Organization, by Omid Ghamami .


Buy it here


US - https://amzn.to/2C5wkhH


UK/EU - https://amzn.to/3iF3pC6


World Class Contract Management - The Ultimate Reference Guide for Purchasing, by Omid Ghamami.


Buy it here:


USA - https://amzn.to/2Z1xKTu


UK/EU - https://amzn.to/2ZGIvtB



This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit worldofprocurement.substack.com/subscribe
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