Purchasing glossary
Are you unfamiliar with all the terms, acronyms and expressions used in the world of purchasing?
Our Purchasing Glossary has been designed to simplify the sometimes complex terms used in the world of purchasing, making it easier to understand this technical language.
In this glossary you will find :
💡 Clear, precise definitions
💡 In-depth explanations for optimum understanding.
💡 Frequent updates to stay ahead of the curve.
Purchasing glossary
A
Responsible purchasing
Responsible purchasing refers to a company's purchases that respect its social and environmental responsibilities.
Global buyer
Responsible for one or more product categories (other term: category manager), and initiates the purchasing strategy for them (gives local buyers the steps to follow).
Local buyer
Responsible for purchasing within a plant (multi-category, one plant) and manages relations with local suppliers.
AOP (Annual Operations Planning)
BUDGET (detailed projection of all estimated revenues and expenses).
