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Procurement glossary: Operational procurement

4 terms on Operational procurement.

C

Call-off ordercall-off order · release order · blanket releaseA call-off order is an order in which the buyer does not specify delivery quantities and dates immediately, but draws down the requirement over a framework peri

P

Purchase OrderPOThe purchase order is a company's binding, written offer to a supplier to take delivery of goods or services on defined terms. It forms the legal and organisati
Purchase Requisition (BANF)purchase requisition · material requisition · requisitionThe purchase requisition, or BANF for short, is the formal document or system entry with which a functional department reports its requirement for materials, se

W

Workflow organisationProcess organization · Workflow organizationWorkflow organisation describes the temporal and logistical arrangement of work processes within a company, in particular determining who completes which tasks

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