Built for buyers, suppliers and the people who approve the deal
Procurement,explained simply.
A free working reference for the language, choices and trade-offs behind every purchase. Find the term, see it in practice, then check the regional context.
Search titles, acronyms, definitions, examples and tags. Nothing you type leaves this device.
122 terms72 source records9 regional packs 0 human-reviewed
StrategypractitionerBATNAIt is your fallback. A credible alternative gives you a clearer basis for deciding whether a proposed deal is better than walking away.ContractsadvancedIncoterms rulesThey answer practical questions in a cross-border sale, such as who arranges carriage, who clears customs and where risk passes. They do not cover every part of a commercial deal.SourcingpractitionerTotal cost of ownershipIt looks beyond the purchase price. Two options with the same sticker price can have very different costs once running, support and replacement are included.
Definitions stay global. Local notes are labelled, separate and dated.
Browse by field
Eight fields. One shared language.
20SourcingHow organisations understand spend, shape categories and run competitive sourcing events.Addressable spendCategory management24ContractsCommercial structures, contract terms, service levels and the language of trade.Auto-renewalConfidentiality agreement15StrategyCategory strategy, negotiation preparation, value analysis and the choices behind a deal.AnchoringBATNA9SuppliersSegmentation, onboarding, performance, development and exit across the supplier base.Supplier code of conductSupplier development17RiskDue diligence, controls, ethics, continuity and the boundaries of legal and policy context.Approval thresholdAudit trail15OperationsRequisition to pay, order management, receipts, invoices and the systems that connect them.Catalogue buyingE-procurement10FinanceCost, savings, cash, variance and the measures that connect procurement to financial outcomes.Budget varianceCash flow forecast12Sustainability & DigitalSustainable buying, circularity, automation, data and the responsible use of new technology.Artificial intelligence in procurementCircular procurement
Library signal
What is in the reference right now.
A useful place to start
One term, unpacked.
BATNA
BATNA
It is your fallback. A credible alternative gives you a clearer basis for deciding whether a proposed deal is better than walking away.
Read the definition“The best alternative to a negotiated agreement.”
The fallback that gives a negotiation its floor.Start with four working ideas
Short explanations, a practical example and the pitfalls that tend to matter.
Regional context
The world is not one procurement rulebook.
Global meaning stays canonical. Local notes sit beside it, with their own source, status and date. The United Kingdom is shown at nation level, never as one rule.
GLOBALGlobal baselineThe canonical meaning. No country-specific legal or currency default.Global fallback activeDraft packINIndiaCentral framework context. State, public-sector and private rules can differ.3 term notesDraft packUSUnited StatesFederal context. State, local and private rules can differ.2 term notesDraft packGBUnited KingdomLocale and umbrella selector. Choose a nation for procurement-law context.4 term notesDraft pack
Regional packs are draft until a named regional reviewer and review date are recorded. India DPDP Act and Rules schedules are tracked separately as of 5 November 2026.
A reference that shows its work
No black box. No fake certainty.
Every term is labelled with its review state. Every legal, regulatory or standards statement is linked to a dated source. Where evidence is thin, the entry says so or stays out of the library.
- Content model
- Canonical global term plus additive regional notes.
- Search
- Bundled local index. No query leaves the browser.
- Privacy
- No account, analytics, cookies or third-party form.
- Review
- Named human sign-off required before public status.