Total cost of acquisition
Generally, it is the net price plus other costs needed to purchase the item and get it to the point of use. These other costs can include: the item's purchasing costs (closing, research, accounting, commissions, legal fees), transportation, preparation and installation costs.
Typically they do not include training, system integration costs that might be considered operational costs.
- Standard definitions
- Paquette,Larry, (2004).The Sourcing Solution. AMAMOC, New York, 109-115