title: How to calculate total purchase cost.
abstract: Companies wanting to implement a total cost-based supplier selection process often stumble over how to include nonmonetary issues such as delivery and quality performance, lead time, services, and social policies. This article describes a process that allows a company to include any issue it deems relevant and to determine its cost factor.
authors.affiliation: Harding & Associates, Lincoln, VT, USA.
authors.forename: M L
authors.initials: ML
authors.lastname: Harding
mesh_terms: D000066:Accounting / Q000379:methods*; D003361:Cost Allocation / Q000379:methods; D017721:Hospital Costs; D006801:Humans; D008421:Materials Management, Hospital / Q000191:economics*; D011682:Purchasing, Hospital / Q000191:economics*; D014481:United States