To be in compliance with a legal agreement or established standards, goods, services and/or processes are required to adhere to the specified requirements. As an example, a buyer may insist on adherence to codes of conduct in terms of the employment conditions of workers or the avoidance of other unsustainable practices. A compliance audit on suppliers or upstream in the supply chain may be conducted by the buyer or their agent to validate that agreed standards are being adhered to.
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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.
