Replacing one product, material, or service specified in a contract or procurement request with an alternative that is considered equal or equivalent in terms of functionality, performance, quality, or other relevant characteristics
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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.
