This is a form of value analysis, in which client and service provider jointly review the cost elements involved in the provision of a good or service and determine whether the contribution to value is proportional to the contribution to cost. This is a decision about the design of goods or services in order to minimise overall cost.
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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.
