Lesson60 seconds
What is Procurement Cost?
The full cost of buying supplies from vendors.
Step 1 of 9
Simple Definition
Procurement cost includes purchase price plus sourcing, shipping, and handling to acquire goods or materials.
Explanation level
Tap a persona to hear the same idea in a totally different voice.
Try “Like I'm 5™” for a picture-book version - not the grown-up wording above.
Notebook
Your notes
Notes save automatically on this device
Knowledge graph
Done Here Next