The practice of securing procurement influence upon procurement projects at an early stage of evolution, typically before the procurement strategy is set or the supply market engaged. Early involvement is regarded as important as, without it, the scope of procurement influence is reduced, for example for negotiating the price. When involved earlier in the process, procurement influence can affect the nature and timing of demand, the specification, the sourcing strategy and the market engagement, as well as the selection of suppliers.
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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 consulting source materials.The Procurement Glossary has been compiled by industry expert Paul Rogers.
