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

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Economic place where supply meets demand. 

Purchase currency
Pricing in 3 different currencies: - Purchasing currency (I buy the commodity in USD) - Local currency (my factory is based in Canada, CAD) - Group currency (the head office is located in France, EUR)

Raw material: sugar, for example.

Several raw materials assembled to create a product (e.g. chocolate is a blend of several commodities: sugar, butter, cocoa).
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