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One place to review all the procurement terminologies with definitions, phonetics, and examples. If you are not able to locate a procurement terminology you are looking for please write to us at Certifications@Fhyzics.net and we will incorporate the same.
Zeitgeist: Zeitgeist is not a procurement terminology, but rather a term from German philosophy and...
Yield: Yield in procurement refers to the quantity or output of a product or service obtained from...
X-factor: The term X-factor in procurement and business does not have a singular, widely recognized...
Waiting Time: Waiting Time in the context of procurement and supply chain management refers to the...
Validity: Validity in procurement refers to the period during which an offer, proposal, contract,...
Unambiguous: Unambiguous is a term often used in procurement to describe a situation or document...
Tacit: Tacit refers to knowledge, information, or understanding that is not explicitly documented...
Safety Performance Index (SPI): The Safety Performance Index (SPI) is a crucial metric used in the...
Radical Change: Radical Change refers to a significant and transformative shift in an...
Qualified Bid: A "Qualified Bid" in procurement refers to a formal proposal submitted by a supplier...
