What is 'total cost' in SAP LOD-ESO - Sourcing OnDemand?

total cost - Overview

• Component: LOD-ESO

• Component Name: Sourcing OnDemand

• Description: The total amount to be paid by the purchaser, as specified in an RFx. Total cost includes the total price charged by the supplier plus any additional associated costs.

total cost - Details

• 
  Key Concepts: 
  Total cost is a term used in SAP LOD-ESO Sourcing OnDemand to refer to the total cost of a particular item or service. This includes the cost of the item itself, as well as any associated taxes, shipping costs, and other fees. 
  
  How to use it: 
  Total cost can be used to compare different items or services and determine which one is the most cost-effective. It can also be used to determine the total cost of a particular purchase or order. 
  
  Tips & Tricks: 
  When calculating total cost, it is important to include all associated costs, such as taxes, shipping costs, and other fees. This will ensure that you are getting the most accurate estimate of the total cost of an item or service. 
  
  Related Information: 
  Total cost is related to other terms such as unit cost, which refers to the cost of a single item or service, and total price, which refers to the total amount paid for an item or service.