Purchasing & Accounts Payable Glossary

Purchasing & Accounts Payable Glossary

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There are currently 4 Glossaries in this directory beginning with the letter R.

Request For Quotation

A Request for Quotation or quote is the process of requesting a vendor to quote the price for a product or service that you are looking to purchase. Read More

Requisition Management

Requisition management, in simple terms, is the process of managing requests for the purchase of goods or services within an organization.Read More

Resilient Supply Chain

A resilient supply chain is characterized by its ability to adapt to unforeseen disruptions, whether they arise from natural disasters, geopolitical tensions, or economic shifts. Read More

Risk Management In Procurement

Risk management in procurement is a critical aspect of any business operation that involves the sourcing and purchasing of goods and services. Read More

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img{width:100%;height:auto;}.blog_detail_sidebar{padding:24px;border-radius:4px;top:70px;z-index:1;}.highlight-blue-block{display:inline-block;background-color:#eaf4f8;color:#18405d;padding:1.6em;margin:24px 0px 30px;font-size:14px !important;font-size:12px;line-height:30px;}.highlight-blue-block a{color:#000;text-decoration:none;border-bottom:2px solid #3f7aff;}.inline-related-post{display:block;width:100%;clear:both;background-color:#def5dc;padding:17px 25px 15px;margin-bottom:2rem;}.inline-related-post p{margin:14px 0px 15px;font-size:18px;line-height:30px;color:#4d4d4d;font-weight:400;}.inline-related-post a{color:#57ac4b;}.blog_detail_content figure.wp-caption{width:100% !important;max-width:640px;}@media screen and (max-width:910px){.name_directory_column{grid-template-columns:1fr 1fr;}}@media screen and (max-width:767px){.content-top-spacing{padding:40px 30px;}}@media screen and (max-width:768px){.support{border-right:none;}}@media screen and (max-width:576px){.glossary_main_sec #name-directory-search-input-box{max-width:100%;width:100%;border-radius:6px;margin-bottom:7px;}.glossary_main_sec #name-directory-search-input-button{width:100%;border-radius:6px;}.glossary_main_sec .gloss-form{padding:0px 10px;}.name_directory_column{grid-template-columns:1fr;}}@media screen and (max-width:991px){.login-book .btn-book{width:100%;max-width:350px;}}body.custom-background{background-color:#fff;}a{text-decoration:none;}header.entry-header.alignwide{display:none;}.nav-pills button.nav-link.active{}.dropdown-submenu{position:relative;}.dropdown-submenu > .dropdown-menu{top:0;left:100%;margin-left:0;margin-right:0;display:none;}.dropdown-submenu:hover > .dropdown-menu{display:block;}.sltndrpmnu li.subsectnitem{list-style:none;}.prntsumnt h3{text-transform:uppercase;}ul.dropdown-menu.sltndrpmnu{position:relative;left:-18rem;width:66rem;border-radius:8px;padding:40px 60px;}.sltndrpmnu{padding:20px;}.subsectnmenu{flex:1;margin-right:0px;}.sltndrpmnu h3{font-size:16px;font-weight:600;line-height:24px;text-align:left;text-underline-position:from-font;text-decoration-skip-ink:none;margin-bottom:18px;}.subsectnitem{margin-bottom:16px;border-bottom:1px solid #e5e5e5;padding-bottom:10px;}.subsectnitem p{font-size:14px;font-weight:500;line-height:21px;text-align:left;text-underline-position:from-font;text-decoration-skip-ink:none;margin-bottom:4px;}.subsectnitem span{font-size:.75rem;font-weight:400;line-height:19px;text-align:left;text-underline-position:from-font;text-decoration-skip-ink:none;margin-bottom:0;}.submenubox,.prntsumnt{display:flex;}.industrymenu .subsectnitem{border-bottom:0;}.prntsumnt .submenubox{border-right:1px solid #e5e5e5;padding-right:1rem;}.prntsumnt .submenubox .subsectnmenu:nth-of-type(1){padding-right:1rem;}.industrysubmenu ul.subsectnmenu{padding-left:0;margin-right:0;}.industrysubmenu ul.subsectnmenu li.subsectnitem{padding-left:0;}.industrysubmenu{padding-left:24px;}.prntsumnt .subsectnmenu .subsectnitem{font-weight:400;padding:8px;}.industrysubmenu .subsectnitem{border-bottom:unset;}.industrysubmenu p{font-size:.875rem;font-weight:400;line-height:21px;text-align:left;text-underline-position:from-font;text-decoration-skip-ink:none;}.prntsumnt .subsectnmenu .subsectnitem:hover{background:rgba(63,122,255,.03);}.prntsumnt .subsectnmenu .subsectnitem:hover p{color:#004efd;}.procuredesknav .dropdown .dropdown-menu a{font-size:unset;color:unset;}ul.dropdown-menu.sltndrpmnu{background:#fff;border:1px solid #f2f2f2;box-shadow:0px 0px 16px rgba(17,17,26,.1);border-radius:8px;}@media only screen and (min-width: 1744px){ul.dropdown-menu.sltndrpmnu{width:75rem;}}@media only screen and (max-width: 768px){.submenubox,.prntsumnt{display:flex;flex-direction:column;}.subsectnitem{border-bottom:unset;}ul.dropdown-menu.sltndrpmnu{width:unset;left:0rem;height:22rem;overflow-y:scroll;padding:20px;}.prntsumnt .submenubox{border-right:unset;}}.name_directory_readmore_state ~ .name_directory_readmore_trigger:before{content:"... 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