Appraisal cost

Appraisal cost refers to the expenses incurred by a buyer or an organization to assess and evaluate the quality, suitability, and compliance of goods or services provided by suppliers. These costs are associated with conducting inspections, tests, audits, and other activities aimed at ensuring that the purchased products or services meet the specified requirements and standards.

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Discover the world’s largest Glossary of Procurement terms

With over 800 Procurement specific terms (and growing) you will find everything you need to know or thought you knew about the Procurement function. Our aim is to provide you with a comprehensive list collated from the Comprara Groups hub of training and consulting source materials.The Procurement Glossary has been compiled by industry expert Paul Rogers.