Equipment used by an organisation in the production of goods and services. It is relatively long-lived equipment, machinery or plant that requires significant initial investment and is carried on the organisation’s balance sheet at its installed cost less depreciation.« Back to Glossary Index
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.