This term has a general application to supply chains in that all activities earlier in the supply chain than the current stage are described as ‘upstream’ and all of the activities following the current processing stage are described as ‘downstream’. In the oil and gas industries, activities associated with exploration and production of oil and gas are usually described as upstream activities, while the refining and retailing of hydrocarbons are described as downstream activities. See also Supply Chain.« 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.