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Knowledge Base

Category: Operative procurement

Find the world of operative procurement and explore the key responsibilities of an operative buyer. The blogposts complement the online courses dedicated to the operative buyer role.

Operative procurement

Procurement Abbreviations: Basic Terms Every New Buyer Must Learn

When you start working as a buyer, one of the first challenges is not the sourcing strategy, the negotiation, or the supplier meeting. It is the language. Procurement work is full of abbreviations. In one meeting, someone may talk about a PR, PO, RFQ, MOQ, SLA, KPI, TCO, ERP, and ESG as if everyone already…

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