Louis BastoneLouis Bastone is an Indirect Procurement Pro with a Supply Chain Masters Degree. This is evident in that Louis is an avid reader and consumer of content in this space. He also knows a lot and decided to give us all a lot of value in this episode talking about Total Cost of Ownership.Total Cost of Ownership is the principle of knowing and ensuring you procure goods/services that include the soft/hard costs of the goods or services. Yet, this is often neglected at the Procurement Stage and manyOrganisations end up paying out large sums of money on repairs, maintenance or additional services as these were not considered or requested.Louis breaks down Total Cost of Ownership and gives us a practical and useful way of applying it in your day to day work.Connect with Louis on LinkedIn - https://www.linkedin.com/in/louis-b-0695b749/Check out the books that Louis recommended:Purchasing Advantage by Running a World Class Purchasing Organization, by Omid Ghamami .Buy it hereUS - https://amzn.to/2C5wkhHUK/EU - https://amzn.to/3iF3pC6World Class Contract Management - The Ultimate Reference Guide for Purchasing, by Omid Ghamami.Buy it here:USA - https://amzn.to/2Z1xKTuUK/EU - https://amzn.to/2ZGIvtB Get full access to World of Procurement at worldofprocurement.substack.com/subscribe