A concept that takes into account not only the direct costs of acquiring goods or services but also the broader costs and benefits associated with different procurement choices
« Back to Glossary IndexTotal cost of opportunity
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.
