The phrase "procurement cost" is correct and can be used in written English.
It can be used to refer to the cost of obtaining something. Example sentence: The procurement cost of the new equipment was higher than expected.
The majority of procurement cost savings in the Home Office for the third quarter of 2011-12 came from ICT, according to its permanent secretary Dame Helen Ghosh.
An MoD spokesman said: "There is only one 'estimate' of procurement cost that counts and that is the one set out in the white paper.
In August 1946 the United States sold to China civilian-type army and navy surplus property at less than 20 percent of its estimated procurement cost.
TCPitotal procurement cost for product i.
Variable procurement cost, fixed ordering cost, and holding cost can be different in different periods.
The proposed method does not minimize the procurement cost, but allows deriving robust decision with respect to price volatility.
Linked with this is sharing knowledge about procurement costs: "If you're going to save procurement costs, you need to be clever about how you share information".
Earlier this year, Renault-Nissan and Daimler forged a partnership to share platforms, engines, drivetrains and procurement costs.
Rival e-commerce outfits, such as America's Ariba and Commerce One, sought to cut multinationals' procurement costs.
Mr. Inouye is best positioned to fulfill or frustrate the administration's hopes of reining in runaway procurement costs.
The semiconductor division, for instance, has reduced procurement costs 20percentt as a result of buying from multiple sources.
