In today's economic climate, it's important for companies to make strategic technology investments that deliver a measurable ROI. Calculating total cost of ownership is an important first step in determining how quickly your investment will pay off.
Rockville, MD (PRWEB) April 30, 2011
CTS Guides, a leading publisher of manufacturing software reviews and evaluation tools, has added a new report to its Web site that helps ERP software buyers understand and calculate total cost of ownership (TCO). The free report, "Calculating Total Cost of Ownership: An Important Measurement of ROI," outlines the factors that contribute to TOC and discusses why ERP software is a strategic investment for growth.
While many ERP software buyers know what TOC stands for, they may not understand the nuances of how to calculate it. Unlike the cost of tangible capital purchases like a production line, truck or copy machine, ERP software has many hidden costs. But understanding TCO is essential for comparing different ERP software proposals, effectively negotiating with vendors, planning cash expenditures and evaluating return on investment (ROI). The CTS report, which is available for instant access (no registration required), addresses the many aspects of TOC, including software licensing, infrastructure, maintenance and third-party add-on tools.
“In today's economic climate, it's important for companies to make strategic technology investments that deliver a measurable ROI,” said CTS President, Sheldon Needle, who has been evaluating business software, including ERP and MRP software since 1983. “Calculating total cost of ownership is an important first step in determining how quickly your investment will pay off."
Manufacturers looking for new software are invited to get the TCO report and download their free Manufacturing Software Selection Kit and Smart Shortlist™ Consult by visiting the CTS Guides Web site.
ABOUT CTS GUIDES
Established in 1983, CTS was the first company to perform hands-on, independent evaluations of software for the middle market. Since then CTS has helped over 23,000 companies select new software and technology.
CTS offers MRP software buyers a free Manufacturing Software Selection Kit that has detailed reviews of the leading manufacturing software packages, including functionality specifics, module-by-module benefits, system strengths and weaknesses, product pricing and more. Each Kit also includes bonus software selection tools, such as the Manufacturing Demo Scorecard, ROI Calculator and Implementation Planner.
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