Use Info-Tech’s Vendor TCO Tool to normalize each vendor’s pricing proposal and account for the lifetime cost of the product.

  • Fill in pricing information (the total of all annual costs) from each vendor's returned Vendor Pricing Tool.
  • The tool will summarize the net present value of the TCO for each vendor proposal.
  • The tool will also provide the rank of each proposal.

Use this tool in conjunction with the project blueprint, Optimize IT Procurement.

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Implement a Proactive and Consistent Vendor Selection Process

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Search Code: 75443
Published: July 24, 2014
Last Revised: July 24, 2014

Tags:

RFP, vendors, vendor selection, purchasing, price, Assessment, TCO, procurement, total cost of ownership, bid, proposal, submission

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