Purchasing & Accounts Payable Glossary

Purchasing & Accounts Payable Glossary

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There are currently 8 Glossaries in this directory beginning with the letter S.

Sourcing Strategy

A sourcing strategy refers to a plan that formalizes the way information is gathered and used so that an organization can utilize its consolidated purchasing power to find the best possible values in the marketplace. Read More

Spend Management

Spending is a crucial factor that can affect the profit of your company. Although, there are still a few organizations that find themselves struggling in this area. We believe that is something you would not like for your business. Read More

Spend Under Management

Spend Under Management is a key performance indicator (KPI) for procurement. It provides a measure of how effectively a company is managing its spend. Read More

Spend Visibility

Spend visibility is the ability to track corporate spending in a detailed and categorized manner. Read More

Strategic Sourcing

Strategic sourcing is absolutely an invaluable tool used by companies to acquire resources in the most cost-effective and efficient manner. Using strategic sourcing paired with digital business networks, companies are able to create seamless experiences from start to finish of their business operations. Read More

Supplier Consolidation

Supplier consolidation, also known as vendor consolidation, is a procurement strategy where a company reduces its number of suppliers.Read More

Supplier Performance Metrics

Supplier performance metrics are a set of quantitative and qualitative measures used to assess a supplier's performance. Read More

Supplier Risk

Supplier risk, also known as vendor risk or supply chain risk, refers to the potential negative impacts that can arise from a company's reliance on its suppliers. Read More