Sourcing and Procurement
Glossary
Your trusted guide to exploring sourcing and procurement terms & definitions,
from the world’s leading procurement experts and companies
Decommission
The activities performed to take a product or service out of use and make it unavailable to customers
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Delivery Clause
Sets the specific items to be delivered and the due date(s) for delivery, often detailed in a separate schedule or exhibit. Delivery clauses may be very specific, including exact catalog IDs or manufacturer part numbers, quantities and delivery locations. Delivery clauses may represent a significant portion of the contract.
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Delivery Model
A set of principles, standards, policies and capabilities used to guide the design, development, deployment and operation of IPA services.
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Demand Management
Demand management is a unified method of controlling and tracking business unit requirements and internal purchasing operations. It helps organizations remain engaged in their supplier relationships and related advantages. Organizations use demand management systems to address external spending factors, arrange purchase orders and eradicate waste. Demand management focuses on the volume of products that are purchased from providers, rather than individual product pricing, in contrast to conventional sourcing initiatives. Demand management is also known as consumption management or strategic spend management. Sometimes demand management is tracked in a cost savings report. It is considered an important component in helping the sourcing organization create and deliver value to the organization.
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Define Phase
Involves completing the definition of the process to be automated and the delivery approach.
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Delivery
The formal handing over of property; the transfer of possession, such as by carrier to purchaser.
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Delivery Lifecycle
A framework defining the tasks performed at each step in a software development process.
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Demand
What customers or users actually want. Typically associated with the consumption of products or services as opposed to a prediction or forecast.
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Demand curve
A graphical representation of how price changes with changes in the demand for an item
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Demurrage
The detention of a ship, railroad, car or truck beyond a specified time for loading/unloading; the payment required and made for the delay.
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