Companies across the world either outsource fleet leasing or perform in-house fleet management. In both cases, companies undertake a Total Cost of Ownership (TCO) approach to determine the lifetime cost of a vehicle. However, the Total Cost of Management (TCM) approach is lately gaining currency.
Procurement Organizations will be invariably get caught in a trade war as it would disrupt supply chains across the globe. A majority of CPOs around the world said they expect their procurement teams to take a larger role in managing risk in the next two years.