Cost, Semi-variable

Costs which have a fixed and a variable component. The electricity bill of most offices has a fixed component that is related to the electricity connection and also a variable component that varies with actual consumption. Many labour costs are also semi-variable in that labour costs cannot easily be ‘turned off’ if activity levels fall.

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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.