The surroundings of a central entity or organisation. When undertaking a PESTLE analysis, a number of environments are reviewed in order to understand the trends and factors impacting on the organisation. For example, the second E in PESTLE is usually held to mean ecological and physical environmental factors, such as climate and natural disasters. The idea is that by detecting current environmental trends, organisations will be able to anticipate the impact and take appropriate action. See also PEST Analysis.

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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.