The Purchasing Certification Channel
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What is Procurement?
nextlevelpurchasing
120 views
Procurement is the act of buying goods and services for an entity like a company, organization, or government agency. Procurement also refers to the profession involving t...
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What is Supply Chain?
nextlevelpurchasing
84 views
A supply chain is a group of companies that collaborate to produce and use a final product or service. A supply chain consists of three types of entities: customers, a pr...
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What is SIM?
nextlevelpurchasing
127 views
SIM stands for supplier information management. Supplier information management is an ongoing process of collecting important information about suppliers. Such informatio...
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What is ROI?
nextlevelpurchasing
51 views
ROI stands for return on investment. Return on investment is a measurement of how much profit is made as a result of using money towards a specific project, business, or o...
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What is an RFI?
nextlevelpurchasing
55 views
RFI stands for Request For Information. A request for information is a document that an organization asks suppliers to complete. The purpose of the RFI is to help the org...
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What is Purchasing?
nextlevelpurchasing
83 views
Purchasing is the act of buying goods and services for an entity like a company, organization, or government agency. Purchasing also refers to the profession involving the...
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What is IT Purchasing?
nextlevelpurchasing
38 views
IT Purchasing is the function of buying goods, services, and intellectual property that are related to information technology. These purchases include things like computer...
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What is IT Procurement?
nextlevelpurchasing
46 views
IT Procurement is the function of buying goods, services, and intellectual property that are related to information technology. These purchases include things like compute...
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What is Inventory?
nextlevelpurchasing
57 views
Inventory refers to physical things that are held by an organization for further conversion or sale. Inventory can include finished goods, partially finished goods called ...
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What is FOB?
nextlevelpurchasing
72 views
FOB is used on purchase orders and other purchasing documents issued in the United States to indicate where the risk of loss transfers when a product is shipped from a supp...
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