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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Raw Material
Raw material or commodity (can be combined with the definition of commodity).

Buyer-supplier relations
The relationship between a buyer and a supplier has a specific character, since it combines : - The need for trust (the buyer trusts the supplier to respect deadlines and quality, for example) - An economic relationship (the supplier wishes to be paid for its products and/or services)
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