general/procurement
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Request for quotation
Request for a quote to purchase products or services
Procurement outsourcing
Transfer of procurement activities
Domestic sourcing
Buying locally made goods or services
Procure-to-pay
Specific subdivision of the procurement process
MESC
System of standard codes for materials
Invitation to tender
Business process
Syndicated procurement
Procurement method where concurrent orders are grouped together
Request for information
Business process
Reverse auction
Auction with one buyer and many potential sellers
Procurement
Acquisition of goods and services
Global sourcing
Sourcing from the global market for goods and services across geopolitical boundaries
Low-cost country sourcing
Procurement strategy
Purchase discount
Offer from seller to buyer to reduce the price if it is paid within a set time limit