Explain and discuss how an organization can benefit from a focus on total cost of ownership as it relates to  selection.

Explain and discuss how an organization can benefit from a focus on total cost of ownership as it relates to  selection.

Select a service-based industry and answer these questions as it relates to selection:

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• Explain and discuss the six categories of costs as it relates to selection.
• Explain and discuss how an organization can benefit from a focus on total cost of ownership as it relates to  selection.
• Explain and discuss relevant costs as it relates to  selection.
• Explain and discuss the following as it relates to your selection:
  • Downtime costs
  • Cycle time costs
  • Conversion costs
  • Non-value-added costs
  • Supply chain costs
  • Product liability costs
  • Customer satisfaction costs

Instructions:

• essay will require an organizational structure that includes the introduction section, conclusion section, individual sections that address each of questions note above.
• Write a 3- to 4-page paper (page count doesn’t include the required title and reference pages).
•  paper must be properly cited and formatted according APA guidelines
•  support your analysis with at least four scholarly american references.

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