Petri S. Nieminen : Total Cost of Ownership in Manufacturing Industry

Have You ever wondered the same as I have: When there's an economic downturn, many employers are quick to lay off some of their personnel, reduce or stop their investments and to look for other short-term cost reductions. What if it didn't have to be this way?

The concept of Total Cost of Ownership (TCO) has a huge potential to help companies make money and retain a increase their profitability more sustainably and in more long-lasting way.
In manufacturing industry TCO has traditionally been applied on purchasing, supply chain and ICT topics, but there is so much more to it. TCO can be applied e.g. in topics of quality, office work, strategy and stakeholder management.

And let's not forget about the most important aspect: Us humans who run the companies and work in them. Let's hoist the sails and embark on this fascinating journey through the ocean that is TCO.

I'm Petri Nieminen, born in late 1989 and I work as a senior project engineer in the tasks of cost engineering in my profession.
I've long found writing and making mind maps an effective way for me to learn new topics, which is one of the lesser motivations for me to write this book.

However, my major motivation to have written this book is the strong feel that things can be done very differently from laying off people and striving for other short-term cost savings on the expense of long-term profitability, and aim to find tools to prove this.

I am a first-timer as an author, but I have a strong feel this is only my first book. So if You enjoy my writing and find the topic fascinating, hopefully You can read more of my works some day.