Definition, Meaning & Synonyms

insumo

Noun

/ɪnˈsuːmoʊ/

Definition

A term used primarily in business and economics to refer to inputs or materials that are used in the production of goods or services.

Examples

The company needs to source high-quality insumos to maintain its production flow.
Insumos like steel and plastic are crucial for the construction industry.
Farmers often depend on various insumos such as fertilizers and seeds to optimize their crop yields.

Meaning

Insumo generally refers to the raw materials, components, or services that are necessary for producing a finished product. This can include anything from physical goods to labor, depending on the context.