Sourcing and Procurement
Glossary
Your trusted guide to exploring sourcing and procurement terms & definitions,
from the world’s leading procurement experts and companies
Test Analyst
The individual who provides business-focused testing and audit of the automation deployments.
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Testimonial
A formal statement from a customer giving feedback about the product, service or company and often used for promotional purposes
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The Greenhouse Gas Protocol (GHG Protocol) Corporate Standard
The most widely used international accounting tool for government and business leaders to understand, quantify, and manage greenhouse gas emissions
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Theory of Constraints
To identify the limiting factor in a process and then eliminate the constraint.
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Third-party logistics (3PL)
The use of third-party businesses to outsource part or all of an organisation’s fulfilment, logistics, transport, warehousing or distribution
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Threshold
In the procurement context, an upper limit to the amount a contract may cost without certain legal requirements coming into force
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The Carbon Trust
An independent, expert partner of leading organisations around the world, helping them contribute to and benefit from a more sustainable future through carbon reduction, resource efficiency strategies and commercialising low carbon technologies
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The Innovators Dilemma
From Clayton Christensen's book of the same name.
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Third-sector organisations (TSOs)
Not-for-profit, non-governmental organisations run with the aim of achieving social goals, such as charities or community groups
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