From a sustainability standpoint, total cost of ownership is consideration of the entire cost of the product as part of sourcing, from purchase to final disposal. This includes
● Acquisition costs—Costs related to raw materials, purchase planning, quality, taxes, purchase price, and financing
● Ownership costs—Costs related to energy use, maintenance and repair, financing, and supply chain/supply network
● Post-ownership costs—Costs related to disposal, environment, warranty, product liability, and customer service/customer dissatisfaction.