Dictionary of Procurement Terms

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  • Procurement Profile

    The result produced after conducting a series of various analyses on the procurement expenditures of an entity, the range of goods, services, or construction procured as identified, i.e., spend analysis, the markets that provide them, i.e., market analysis, the level of influence of the suppliers and the entity in the marketplace, and the risks inherent in the market that could affect the entity’s operations, i.e., supply positioning.