Sourcing and Procurement
Glossary
Your trusted guide to exploring sourcing and procurement terms & definitions,
from the world’s leading procurement experts and companies
Social sustainability
The impact a business can have on people and communities and actions to make this a positive impact
Source:
Soft skills
Skills that may be taught but are more likely to develop with time and practice, for example, team working and good communication
Source:
Software As A Service (SaaS)
IPA technology is accessed online via a subscription.
Source:
Sole trader
Someone who has exclusive ownership of a business and can keep any surplus profits but is responsible for any losses
Source:
Solution Architect
Responsible for the initial infrastructure setup for the development, test and production environments.
Source:
Solution Design Document
Collates output from the design tasks and describes in detail the design of the automated process, to provide a guide during development.
Source:
Soft Savings
Identified savings attributable to internal process improvements, partial FTE reductions, or "hard " savings that will not be implemented; savings that will not affect any budgets.
Source:
Sole Sourcing
A sole source indicates that there are no alternative suppliers that produce exactly the same product with exactly the same specifications. There is often only one source for patented items.
Source:
Solicitation
The process used to communicate procurement requirements and to request responses from interested vendors. A solicitation may be, but is not limited to a request for bid and request for proposal.
Source:
Source To Pay
The integrated processes to identify needs, develop a strategy, go to market, contract, procure and pay for goods and services.
Source: