Quantities of materials which are ordered in excess of immediate needs and stored for future use; also known as inventory. Good practice is to minimise stock levels consistent with providing appropriate service levels to customers.
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Discover the world’s largest Glossary of Procurement terms
With over 800 Procurement specific terms (and growing) you will find everything you need to know or thought you knew about the Procurement function. Our aim is to provide you with a comprehensive list collated from the Comprara Groups hub of training and procurement consulting source materials.The Procurement Glossary has been compiled by industry expert Paul Rogers.
