Acquisition Cost

Acquisition cost is the the total cost of ownership, including the cost of raising a purchase order, receiving the category and the costs involved in managing the payment process. It is different from the actual invoice value of the goods or services.

Unified Procurement Platform

SMART by GEP® is a cloud-based, source-to-pay procurement software that delivers comprehensive spend, sourcing and procurement functionality in a single, unified platform native to cloudmobile and touch technologies this would be below unified procurement platform