Transcription of CIPS POSITIONS ON PRACTICE PURCHASING AND SUPPLY ...
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Leading global excellence in procurement and SUPPLY 1 CIPS POSITIONS ON PRACTICE PURCHASING AND SUPPLY management : whole life costing INTRODUCTION The CIPS' PRACTICE documents are written as a statement in time. They are a collection of views on good PRACTICE within a particular subject area and are intended to provide direction on good PRACTICE with some guidance for context and interest. The reader is encouraged to use the CIPS PRACTICE documents for their own purposes, such as writing policy statements, guidance or procedures. This particular PRACTICE statement has been written primarily for the benefit of full-time PURCHASING and SUPPLY management professionals, but can be used by anyone associated with, or interested in, PURCHASING and SUPPLY management (P&SM). This document is about whole life costing (WLC). DEFINITION WLC is a technique used to establish the total cost of acquisition and ownership.
1 Leading global excellence in procurement and supply CIPS POSITIONS ON PRACTICE PURCHASING AND SUPPLY MANAGEMENT: WHOLE LIFE COSTING INTRODUCTION
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