When contracting with new suppliers, it is important that all parties share a common understanding of the basis of quotations and the roles and responsibilities of the parties. Trade terms seek to define particular abbreviations, phrases and customs so that the parties in a transaction can negotiate on a common basis.« 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.