Understanding Whole Life Costing in Asset Management

The whole point of CIPS L4M7 whole life asset management is to drive 3 broad objectives home;
a) Inventory storage and movement
b) Effective ways of controlling inventory
c) The whole concept of life cost irrespective of whether you buy, hire or lease something
And as you are studying this you quickly realize that these 3 are actually the basis of the whole course outline for the L4M7 whole life asset management something we intend to explore.
The concept whole life costing takes into account the total cost of a product or service over its life time
Check out procurement cycle here: https://youtu.be/eXTCSmexwUw
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