Knowledge includes information, facts or skills gained through experience, training or education. The term is used for both theoretical and practical understanding. In procurement, category management represents an attempt to increase the quality and quantity of information available about the category. Some commentators see knowledge as the ability to make decisions based on information, so the richer the information, and the more likely that better decisions will be reached. See also Knowledge, Explicit and Knowledge, Tacit.« 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.