Current Cost of Supplies - CCS
This refers to the net income of a company after taking into account the increase (or decrease) in expenses over the reporting period. It is typically used by commodity reliant businesses.
Investopedia Commentary
You will quite often find this term used in the energy industry because the price of oil can change so much from one year to the next.
See also: Commodity, Cost of Goods Sold - COGS, Net Income
Also spelled: CCS