TCO provides a financial framework for evaluating and comparing ERP vendors and products.

Question

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Total Cost of Ownership (TCO) analysis is a commonly used financial framework to evaluate and compare ERP vendors and products. It takes into account all the direct and indirect costs associated with implementing and maintaining the ERP system over its entire lifecycle, allowing buyers to make informed decisions based on long-term financial planning rather than just short-term costs.

TCO Provides a Financial Framework for Evaluating and Comparing ERP