Cost Avoidance

The strategy of identifying and implementing measures that prevent or eliminate potential costs that could have been incurred without careful planning or decision-making. It involves taking proactive actions to avoid unnecessary expenses or mitigate financial risks

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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.