L4M7 Exam Dumps | A procurement manager is sourcing some high-value equipment for their organisation. What are the elements

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Question 49/121

A procurement manager is sourcing some high-value equipment for their organisation. What are the elements comprising whole-life costing that they need to consider?

A. Acquisition, purchase, usage, and end-of-life costs

B. Acquisition, purchase, maintenance, and indirect costs

C. Product pricing, contract admin, and staffing costs

D. Purchase pricing, usage, and sales costs

Correct Answer: A

Whole-life costing includes all costs from acquisition to disposal, ensuring comprehensive financial planning.
Essential components include:
* Acquisition and purchase costs: Initial costs incurred to procure the equipment.
* Usage costs: Operational expenses, including energy and consumables.
* End-of-life costs: Disposal, recycling, or decommissioning expenses.
Whole-life asset management aims to minimize these costs over an asset's lifecycle, ensuring value and performance.

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