Welcome to Procurement Lexicon, the ultimate YouTube channel for mastering procurement! Whether you're a beginner or a seasoned professional, our channel is your go-to resource for all things procurement. Dive into our easy-to-follow videos covering essential concepts, terminologies, and the latest trends shaping the industry. We break down complex ideas into simple, engaging content, making learning both fun and effective. Stay ahead of the curve with our expert insights and tips. Subscribe now and join our community of procurement enthusiasts. Let's demystify procurement together and lead the way in this dynamic field!
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.
Packaging: Packaging, in the context of procurement and supply chain management, refers to the...
Objective: An objective in procurement and business refers to a specific, measurable, and...
Named Destination: Named Destination is a procurement terminology used in supply chain management...
Machine Learning: Machine Learning is a subset of artificial intelligence (AI) that involves the...
Labour Intensive: Labour intensive refers to a production or operational process that relies...
Kaizen: Kaizen is a Japanese term that translates to "continuous improvement" or "change for...
JCT Council: The term "JCT Council" refers to the Joint Contracts Tribunal Council, which is a...
IDEF (Integrated Definition Or Integrated Programme): Integrated Definition (IDEF) refers to a...
Habit of Mind: A "Habit of Mind" refers to a cognitive disposition or mindset characterized by a...
G Factor: The term G Factor is a specialized concept in procurement and cost analysis, often...
