TCO Toolkit Launches 1st SaaS for the APPA / ANSI TCO Standard. SRAPPA 2018 invites TCO Calculator Founder to Present Asset Decision Insights to Facility Managers
TCO Toolkit is the first adaptable Software as a Service TCO Calculator to be self certified to support the new APPA / ANSI TCO Standard. Facility Managers from public and private universities, community colleges, municipalities, and K-12 institutions will benefit from using this vendor neutral TCO calculator to support Asset Decision, Budgeting, and to Measure the Value of Strategic Sourcing Spend on OEM and MRO spend on Products, Systems and Services.
ROCK HILL, S.C., Sept. 27, 2018 /PRNewswire-PRWeb/ -- TCO Toolkit is the first adaptable Software as a Service TCO Calculator to be self certified to support the new APPA / ANSI TCO Standard. Facility Managers from public and private universities, community colleges, municipalities, and K-12 institutions will benefit from using this vendor neutral TCO calculator to support Asset Decision, Budgeting, and measure the Value of Strategic Sourcing Spend on OEM and MRO spend on Products, Systems and Services.
SRAPPA2018 has invited TCO Toolkit CEO and Co-Founder Joe Razum, to present "The APPA TCO Standard – Overview, Application, & Real Life Examples" at its annual conference coming to Greenville, South Carolina. Joe will share how customers, such as the City of Rock Hill, use vendor neutral Total Cost of Ownership (TCO) tools, such as the TCO Toolkit, to adhere to the APPA / ANSI TCO Standard for B2B Asset and Services sourcing decisions. TCO Toolkit is the 1st adaptable Total Cost of Ownership (TCO) Calculator Software (SaaS) to be self certified to this APPA / ANSI TCO standard.
TCO Toolkit software is a "mobile first" SaaS application that is built on an award winning activity based costing approach. Because it is vendor neutral, Facility managers and Supply Chain managers, at universities and municipalities like it for evaluating and tracking strategic asset decisions on TCO, or value. Municipalities in South Carolina have used TCO Toolkit to find thousands of dollars of resultant Total Cost of Ownership cost savings.
Facility managers from public and private universities, community colleges, municipalities, and K-12 institutions are now empowered to get more value…with a one-two combo of the new APPA / ANSI Total Cost of Ownership (TCO) Standard, and the new TCO Toolkit software that supports it. The TCO Toolkit Software as a Service (Saas) is built on an adaptable award winning activity based costing approach. Within the APPA TCO Standard, TCO Toolkit helps measure TCO to help APPA organizations with Asset Decisions and Budgeting. At the upcoming SRAPPA2018, attendees will see real life examples from the TCO Toolkit database of municipal TCO case studies, with thousands of dollars of documented TCO cost savings on Products (B2B OEM and MRO), Systems and Services.
For the SRAPPA 2018 presentation, TCO Toolkit has purchased the Standard "APPA 1000-1 Total Cost of Ownership for Facilities Asset Management (TCO) – Part 1" and will share Examples of the Standard, and will generically share how software tools can support it using examples from our customer case studies and from our TCO Toolkit self certification documentation:
3.3.1 Managed Asset: The TCO Toolkit supports enterprise Sourcing, Operations, Maintenance and Risk Management plans. It can be applied to parcels, facilities, structures, and equipment. Example case study: Standby Generators
3.3.2 Asset Inventory: The TCO Toolkit supports TCO Case studies on which assets impact the company the most, so a priority level can be assigned and assets can be tracked. Example case study: Hand Towel Dispenser
3.3.5 Asset Costing: This is what the TCO Toolkit was designed for. Due to its adaptable, activity based costing approach, the TCO Toolkit spans across organizational silos to evaluate the TCO of any point of an asset's life.
3.3.7 Asset Performance: TCO Toolkit supports Managed Services and Performance Based Contracts. Reference Case study Annual HVAC Services.
3.3.8 Asset Decision: This part of the Standard calls for "Definition of activity-based and asset based cost estimating" An adaptable, activity based costing approach is what the TCO Toolkit was designed for. Further the TCO Toolkit supports Definition of Concepts to establish alternative scenarios in comparative TCO analysis.
3.3.9 Asset Annual Funding: Our Municipal customers indicate interest to use TCO Toolkit to support Capital Budgeting / Capex decisions for Asset Annual Funding plans presented to City Council. Municipalities like the detailed documented TCO justification that TCO Toolkit offers.
About TCO Toolkit LLC
http://www.tcotoolkit.com/
TCO Toolkit is an adaptable online digital vendor neutral Total Cost of Ownership Calculator SaaS application that is built on an award winning activity based costing approach. The TCO Toolkit TCO Calculator software can be used by City and Facility Managers to evaluate Asset Decisions in the APPA / ANSI TCO Standard framework. B2B Sourcing and sales managers can use TCO Toolkit case studies to evaluate the value / TCO of their Spend and Offerings. TCO Toolkit is an APPA Business Partner, and a client company of the SCRA and Rock Hill Technology Incubators. Our work in the B2B TCO Calculator field has been recognized in Harvard Business Review and won Plant Engineering Gold Product of the Year in Software. See our 2 min explainer video and learn more at http://www.tcotoolkit.com.
About SRAPPA2018
https://www.srappa2018.com
The 2018 SRAPPA Annual Conference is hosted by Clemson University, Furman University, and Wofford College in beautiful downtown of Greenville, SC. SRAPPA consists of APPA members from Alabama, Florida, Georgia, Kentucky, Louisiana, Mississippi, North Carolina, South Carolina, Tennessee, Virginia, and West Virginia, Puerto Rico and Mexico.
SOURCE TCO Toolkit LLC
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