Sourcing and Procurement
Glossary
Your trusted guide to exploring sourcing and procurement terms & definitions,
from the world’s leading procurement experts and companies
Production Support
Management of automated processes on a day-to-day basis. There are similar requirements to managing a human workforce in the business (work needs to be scheduled, activated, monitored and any exceptions need to be acted upon) and supporting IT applications (environment for automations to be tested, secure, recoverable, version controlled, scheduled, monitor and respond to any downtime, capacity or response time issues).
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Proforma invoice
A document which confirms the sale which is sent to the buyer in advance of items being shipped and provides details such as description of items, shipment weight, transport charges, etc.
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Project Charter
A living document that acts a reference document for all stakeholders and provides the underlying information for project and benefits reporting. It is a key document in supporting the projerct managercommunicate project metrics to involved participants.
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Promotional mix
The aspects of product, place, price and promotion that are used in the marketing of a product or service
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Proprietary
Proprietary information is information for which the company holds sole legal rights. In common use, it refers to confidential company information that is not generally available in the public domain.
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Program Manager
A program manager is a leader whose main leadership duty is to turn chaos into clarity for the team. People need clear direction and circumstances that allow them to be successful. The program manager establishes clear direction both within and outside the organization through a variety of means. The program manager is responsible for creating the business environment culture within which the project manager works. The program manager, through direct authority or organizational influence, is responsible for establishing the framework in which the project manager operates.
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Project Manager
A project manager helps define the goals and objectives of the project, determines the timeline for completion of various project components and by whom, and creates quality control checks to ensure that completed components meet a certain standard. The project manager is judged on the triple constraint of time, cost and scope of the project. In sourcing, this role may sometimes be referred to as the category manager or contract manager.
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Proof of Concept
A test run of the automation to discover its limitations and help ensure that the robot will work as intended.
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