Total Cost Management definition

Total Cost Management means taking into account all the cost implications of a purchase which is not limited to the purchase price but also includes environmental costs which may be borne by The City, its employees or external third parties, the cost of recycling and disposing of waste materials and packaging, lifecycle costs, and health, safety and social costs which may be borne by The City, its employees, or by external third parties.
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Examples of Total Cost Management in a sentence

  • Boeing and Spirit shall engage in a process herein known as Total Cost Management ("TCM").

  • The Total Cost Management System (TCMS) is Boeing's overarching cost management strategy and visibility tool incorporating internal and external supply base cost management activities such as CCIP, Lean manufacturing, Value Engineering Innovation and Raw Material Strategies.

  • For purposes of enabling Price reductions as contemplated in SBP Section 7.5, the Parties shall utilize the Total Cost Management (TCM) methodology described in this SBP Attachment.

  • Spirit and Seller shall engage in a process herein known as Total Cost Management (TCM).

  • Boeing and Seller shall engage in a process herein known as Total Cost Management (TCM).

  • Throughout the development process following disciplines shall be used which is unique for this project: • FMEA • Total Cost Management • Design for Service • Design for Environment/Recyclability/Re-manufacturing/Sustainability • Design for Inbound Logistics for components Deliver DSM/Drawings (DWG), state part name, part number and revision number for current drawing.