Opportunism describes the behaviour of one party in a commercial relationship that acts in its own interests when circumstances allow, without necessarily considering the longer-term consequences. For example, a buyer persuades an existing supplier to share a costing breakdown, and subsequently declines to pay the current price for the good being supplied, arguing that the supplier is making a 20% profit, double that that the buyer’s company is making. The cooperation displayed by the supplier in sharing their cost structure has been abused by the buyer’s organisation in behaving opportunistically, and as result it is likely that the relationship between supplier and buyer will change. See also Cooperation and Partnership.« 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.