procurement cost
[prəˈkjʊrmənt kɔst]
nounpl: procurement costs
custo de aquisição
1. The total expense incurred in acquiring goods, materials, or services, including the purchase price and all related costs such as transportation, handling, inspection, and administrative fees.
The procurement cost for office supplies exceeded the budget this quarter.
O custo de aquisição dos suprimentos de escritório ultrapassou o orçamento neste trimestre.
2. In supply chain management, the full cost associated with obtaining raw materials or finished products from suppliers.
We need to reduce our procurement costs by negotiating better supplier contracts.
Precisamos reduzir nossos custos de aquisição negociando contratos melhores com fornecedores.
3. The expenses involved in the purchasing process, including search, selection, ordering, and receiving of items.
Automation has helped us lower procurement costs significantly.
A automação nos ajudou a reduzir significativamente os custos de aquisição.
In Brazil and Portuguese-speaking business environments, 'custo de aquisição' is the standard term used in corporate financial reporting and supply chain management. The concept is central to cost control strategies in multinational companies operating in Brazil. Understanding and managing procurement costs is crucial for competitiveness in the Brazilian manufacturing and retail sectors.
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