Life Cycle Cost (LCC) refers to the total cost of a product over its entire life cycle. It includes all costs from purchase, use and maintenance through to disposal.
Cost calculation: Calculation of the total costs over the life cycle.
Profitability: Analysis of the profitability of products.
Cost control: Support for cost control and budget planning.
Advantages:
Cost awareness: Increasing cost awareness.
Efficiency: Optimization of costs over the life cycle.
Economy: Promotion of economic decisions.
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