Procurement Glossary
P
Supplier panel
All suppliers selected within a family or category that are capable of producing identical or equivalent parts.
Purchasing policy
All of the objectives and strategies that a purchasing department sets itself in order to serve the company's project.
Price
It can be expressed in several ways, with or without a cost model, indexed or not...
- Cost model: breakdown of the final price of a product (commodity price, processing price, transport price, etc.)
- Without cost model: the buyer has no visibility on the breakdown of the price (only the final price)
- Indexed: depends on market fluctuations
- Non-indexed: fixed price defined with the supplier
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