Total Cost of Ownership Essay Example | Topics and Well Written Essays - 3500 words

Total Cost of Ownership - Essay Example The paper tells that the concept of Total Cost ownership is one of the fast-growing concepts in today’s business environment. Based on this concept the entire cost of the procurement is been determined rather than calculating only the initial purchase price of the raw materials. The term Total cost ownership is quite new in the business environment but it is quite similar to the notions of life cycle costs and other criteria’s which are been used to properly evaluate the business operations. This particular concept aims at understanding the true cost that is incurred in a purchase process when a particular material is been bought from a specific vendor and this concept also indicates all the types of costs that are involved in the entire purchase process. This includes the per-transaction cost which is incurred from the time of requisition to the time of placing the order, the transaction costs which is incurred from the order placement to the receipt and the post-trans action flow of cost which refers to the cost incurred from the receipt to the disposal of the materials. In case of the pre-transaction cost the cost associated in investigating and determining the sourcing strategies or addition of new vendors to the IT system is been taken care, in case of transaction of different costs such as the delivery cost, purchase cost and also the quality inspection cost can be seen and in post-transaction cost the reworks been done, the cost incurred at the time of warranty and fallouts are been considered.

Slave Trade to America. Effects on Economies, Societies, and People Research Paper

Slave Trade to America. Effects on Economies, Societies, and People - Research Paper Example Thus, by 1610, very few colonialists were remaining due to the shortage of food and water. Precisely, only 60 of the first 214 were alive. (Littlejohn, 2003, P. 5) Despite this setback, the English colonialists were still convinced they could make Virginia prosperous. And thus the group of colonialists that followed was certain that there were unexplored metals and precious stones in the land. They therefore, aimed at identifying these precious minerals in Virginia. However, with time it became clear that Virginia did not have any minerals or metals. And therefore, the settlers had to identify some other means of survival. With other parts of America successfully dealing in Agricultural crops, the English colonialists also sought to try the same in Virginia. Tobacco farming was then started in the land and indeed it became a success to the Virginia Company. With the activity being so labor intensive, there was hence the need for more workers in the farms. The Englishmen offered to wo rk as indentured servants for a period of four to seven years in exchange for food, clothing and shipment to the New World. (Littlejohn, 2003, P. 6) Though the system of indentured servitude clearly exploited the workers, the white servants still accepted it in the hope for freedom and citizenship on completion of their contracts. With time, the system was not only being used in the farms, but also in construction, clearing of roads and timber cutting. Women could also secure jobs in households as domestic servants, but still under the same system. According to Rodriguez, (2007, P.87), the system of indentured servitude in America was to some extent a kind of slavery. This is because the servants were exploited by their masters and also faced many hardships during the contract period. Most of them were physically and sexually abused until they opted to run away. Running away would however, lead to severe consequences once captured. They would be beaten, branded and even jailed. Star t of Slave trade in America Then, in the year 1619 slave trade began in Virginia when a Dutch slave trader exchanged twenty African slaves for food. The Africans were taken as indentured servants at first but would later become slaves since even after the end of the contract they could not return to their home in Africa. By the 1920s, it became clear that the slave trade would be only option for the English tobacco farmers due to the high labor demand. (Wood, 2005, P. 4) This was due to the fact that the African slaves were much cheaper and easy to acquire as compared to the indentured servants. The slaves would only be provided with food water and shelter with no freedom promised as was the case in the indentured servitude. (Rodriguez, 2007, P.87) By this time, the transatlantic trade, which had started early in the century was booming, and thus English colonies did not have to suffer in search of a market for slaves. The demand for more slaves thus acted as a fuel to the slave tra de. The factors that promoted the slave trade of Africans in Virginia included: Availability or ready market: as mentioned above, the farmers did not have to travel all the way to Africa to purchase slaves; they could get them at the transatlantic slave trade. Racial differences also made the Africans more