Glossary

Word/Term

Description

Added value

Aspects of cost that create positive impacts

Audit

A process to check compliance

Benchmarking

The act of comparing like for like products or services with a view to seek improvements

Biodiversity

The variety of living things

Bribery

The offering or accepting of money or gifts in return for influencing actions

Capacity

The ability to provide a product or service

Carbon footprint

The amount of greenhouse emissions emitted

Child labour

Children engaged in working in a supply chain

Collaboration

Working together to achieve a common goal

Components

Parts that are used to make a finished product

Continuous improvement

The concept of always aiming to do things better

Corruption ...

Get Futureproofing Procurement now with the O’Reilly learning platform.

O’Reilly members experience books, live events, courses curated by job role, and more from O’Reilly and nearly 200 top publishers.