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Sourcing and Procurement 
Glossary

Your trusted guide to exploring sourcing and procurement terms & definitions,
from the world’s leading procurement experts and companies

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Call-off schedule

A schedule produced to state what amounts of products are to be delivered when

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Capacity Management

Manging the scheduling of processes within an automation platform with the aim of achieving better utilisation across technology licenses.

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Capital Equipment

Assets listed on an organization%u2019s accounting records that have value and are durable.

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Capital Market

The market for long-term securities, including the stock market and the bond market.

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Capital costs

Large, fixed, one-off expenses incurred in getting a business or process operational

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Captive

An offshore location that is operated and staffed by the company that is having the work done for themselves offshore.

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Capability

The type of work that a particular technology can undertake.

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Capital

The amount of money or assets available to be leveraged by a person or organisation, e.g., when starting a company, or buying an asset such as machinery

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Capital Expenditure (Capex)

A business expense incurred to create future benefit, such as an acquisition of assets that will have a useful life beyond the tax year. Capex are usually very big sums.

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Capital Procurement

Capital procurement is the process of acquiring and managing capital goods and services necessary to complete a capital project. Capital goods are man-made goods used to produce other products for consumption. Capital goods include factories, machinery, tools and equipment. Capital projects, depending on the industry, are typically large investments.

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Capital purchase

The purchase of an item that is a long-term asset such as a building or equipment

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Carbon Disclosure Project (CDP)

An organisation working with companies and cities to disclose the environmental impact of major corporations in the interest of fighting climate change

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