Sourcing and Procurement
Glossary
Your trusted guide to exploring sourcing and procurement terms & definitions,
from the world’s leading procurement experts and companies
Configuration Test Plan
Defines the conditions to test the components of the automated process.
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Conflict Minerals
Dodd -Frank Section 1502 defines "conflict minerals" as cassiterite, columbite-tantalite, gold and wolframite, as well as their derivatives and other minerals that the US Secretary of State may designate in the future. The government regulates the use of these minerals so organizations should be aware so they can comply with the regulation. See more information here on the Act: SECURITIES AND EXCHANGE COMMISSION | 17 CFR PARTS 240 and 249b | [Release No. 34-67716; File No. S7-40-10] | RIN 3235-AK84 | CONFLICT MINERALS
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Connected Stakeholders
The groups or individuals that have some indirect involvement in sourcing initiative creation, planning and implementation and are also affected by the outcomes. For example, the company's shareholders, customers, suppliers, advisors, consultants and competitors.
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Consignment note
A document describing the contents of a shipment, prepared by a consignor (supplier) and countersigned by the carrier as a proof that the carrier has received the goods for delivery
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Conflict of interest (COI)
Where an individual is unable to remain impartial due to a personal, professional or public interest
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Conglomerate
Two or more corporations engaged in entirely different businesses that fall under one corporate group
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Consideration
Something of value given or done as recompense that is exchanged by two parties; that which binds a contract.
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Consignment Inventory
Inventory that is owned by a supplier, either on the supplier's premises or the customer's, until it is used by the customer.
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