Purchasing materials in excess of current requirements in order to secure economies of scale, to ensure continuity in the event of a shortage, or to speculate in the event of an anticipated price rise. See also Contract, Futures.
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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.
