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Definition of Procurement costs

Procurement costs Definition from Business & Finance Dictionaries & Glossaries
MONASH Marketing Dictionary
the costs involved in reordering an inventory item; the costs include the cost of processing and transmitting the order as well as the cost of the item itelf.
2004 (c) Copyright & Reprint Courtesy of the Dept. of Marketing, Faculty of Business and Economics, Monash University; edited by Mr. Don Bradmore.