procurement expenses

USAGE SUMMARY

The phrase "procurement expenses" is correct and usable in written English.
It can be used when discussing costs associated with acquiring goods or services for a business or organization. Example: "The procurement expenses for this quarter have exceeded our initial budget, prompting a review of our purchasing strategies."

✓ Grammatically correct

News & Media

Science

Formal & Business

Human-verified examples from authoritative sources

Exact Expressions

1 human-written examples

According to Stephen Fuller, a professor at George Mason University's School of Public Policy, the budget cuts required by sequestration amount to $35 billion in payroll costs and about $50 billion in procurement expenses.

The New York Times

Human-verified similar examples from authoritative sources

Similar Expressions

59 human-written examples

But Coupa does more than give businesses insight into spending – it focuses on both the procurement and expense management side of things, and even includes interesting features, like being able to tweet from the platform, "thank" employees when their expense is below the category average, or warn them when they're high.

TechCrunch

So far, PeopleSoft has announced community applications for procurement, travel and expenses, and benefits and enrollment, with plans for an additional 50 communities in the works.

Forbes

Nothing is too small to be overlooked: Sadler is closely eyeing travel expenses, procurement contracts and even cleaning services, hoping to save $50 million.

Forbes

Workday is a leading provider of enterprise cloud-based applications for human capital management (HCM), payroll, financial management, time tracking, procurement and employee expense management.

TechCrunch

He also gets access to Marriott's procurement pipeline, saving on expenses like toilet paper.

The New York Times

In March, it partnered with COA Solutions, a business software provider, to offer an extended range of business services - including finance, payroll, expenses and procurement facilities - to NHS organisations across the UK.

The Guardian

It's not acceptable to close a motorway or airport for days or weeks, so why do you regard it as acceptable to close a railway? 2. Treat taxpayer subsidy as a privilege not a right: Spend every pound intelligently – short term decisions are being driven on procurement price, at the expense of operational suitability and costs.

The Guardian

A frustrated Murtha brought in a Pentagon procurement expert (at government expense) and set up training programs.

Forbes

Costly and fashionable procurement is indulged at the expense of boots on the ground.

The Guardian - Opinion

After incubation, suspicious colonies were selected and subjected to a series of simple biochemical tests that could be performed conveniently in resource-poor settings, minimizing expense, difficulty in procurement of reagents, and need for sophisticated training or equipment.

Clinical Infectious Diseases

Expert writing Tips

Best practice

When analyzing "procurement expenses", break them down into categories like direct costs (purchase price), indirect costs (shipping, handling), and overhead (administrative overhead) for a comprehensive understanding.

Common error

Don't use "procurement expenses" interchangeably with budget allocation. Budget allocation refers to the planned distribution of funds, whereas "procurement expenses" are the actual costs incurred during the acquisition process.

Linguistic Context

The phrase "procurement expenses" functions primarily as a noun phrase. It names a specific category of business costs and serves as the subject or object of sentences. As Ludwig AI confirms, it's used to describe costs tied to getting goods or services.

Expression frequency: Common

Frequent in

News & Media

37%

Science

33%

Formal & Business

30%

Less common in

Encyclopedias

0%

Wiki

0%

Reference

0%

Ludwig's WRAP-UP

In summary, "procurement expenses" is a noun phrase referring to the costs associated with acquiring goods and services. Ludwig AI analysis indicates it's grammatically correct and commonly used, particularly in news, scientific, and business contexts. When writing, it's important to distinguish between "procurement expenses" and broader budget allocations, focusing on the specific costs of acquisition. Alternative phrases include "purchasing costs" or "acquisition costs". Analyzing and managing "procurement expenses" effectively is key to financial planning and cost reduction strategies for organizations.

More alternative expressions

Phrases that express similar concepts, ordered by semantic similarity:

purchasing costs

Focuses specifically on the costs directly related to the act of purchasing.

acquisition costs

Emphasizes the costs associated with obtaining or acquiring something, potentially including indirect costs.

sourcing costs

Highlights expenses incurred during the sourcing or identifying of suppliers.

supply chain expenses

Encompasses a broader range of costs related to the entire supply chain process, not just procurement.

vendor costs

Specifically refers to the costs associated with vendors or suppliers.

material procurement costs

Highlights the expenses directly linked to the procurement of the raw materials.

contracting expenses

Focuses on expenses associated with the process of contracting for goods or services.

purchasing expenditure

Similar to purchasing costs but emphasizes the aspect of spending or expenditure.

inventory acquisition costs

Centers on the costs to acquire inventory and may include additional storage and handling fees.

logistics procurement costs

Highlights the expenses that occur during the procuring of goods or services related to logistics.

FAQs

How can I use "procurement expenses" in a sentence?

You can use "procurement expenses" to describe the costs associated with acquiring goods or services, such as "The company is trying to reduce its "procurement expenses" by negotiating better deals with suppliers".

What's the difference between "procurement expenses" and "operating costs"?

"Procurement expenses" specifically refer to the costs of acquiring goods or services. "Operating costs", on the other hand, are the expenses incurred to keep a business running, including rent, utilities, and salaries.

What are some strategies to reduce "procurement expenses"?

Strategies for reducing "procurement expenses" include bulk purchasing, negotiating with suppliers, streamlining the procurement process, and implementing a centralized purchasing system.

What can I say instead of "procurement expenses"?

Alternatives to "procurement expenses" include "purchasing costs", "acquisition costs", or "sourcing costs", depending on the context.