IT service management & procurement
Terms related to the activities and procedures necessary to acquire information technology (IT) products and services.- cost price - A cost price includes all outlays that are required for production, including property costs, materials, power, research and development, testing, worker wages and anything else that must be paid for.
- COTS, MOTS, GOTS, and NOTS - COTS, MOTS, GOTS, and NOTS are abbreviations that describe pre-packaged software or hardware purchase alternatives.