Across
- 6. Documentation posted by a wide variety of prospective suppliers / vendors inviting quotes for goods or services.
- 7. A product or service purchased by an organization for internal use or an external client.
- 10. Contracting with local businesses for goods and services.
- 15. A document that officially authorizes the release of funds to a seller for goods or services.
- 16. An impropriety which occurs at businesses when a purchase of goods or services may personally benefit an employee, their friends, or their family.
- 18. A person, business, or entity that enters into a legally binding contract to perform a service or do a job.
- 20. An official source document making an alteration to a previously signed purchase order or contract for work.
- 21. The end-to-end process by which organisations identify and select suppliers to provide goods or services.
- 22. A submission from a supplier or vendor containing a cost estimate for goods or services.
- 23. A bill for goods or services.
Down
- 1. A method of supply chain management by which businesses formally gather and use vendor and supplier information to get the best total value for the entire supply chain process.
- 2. A purchasing system model in which all purchases are managed and handled by a single team, department, or branch.
- 3. The period of time between the initiation of a task or project and its completion.
- 4. A process procurement professionals use to establish agreeable terms as part of a supplier contract. It can involve updating terms with an existing supplier, or discussing initial terms with a new vendor.
- 5. The process by which businesses obtain goods, services, and works necessary to effectively operate a business model.
- 8. Criminal deception such as bribery or corruption with the intent to benefit financially or otherwise.
- 9. A process and document soliciting bids for goods or services. It outlines the buyer’s requirements, specifications, terms and conditions, and time schedule for the products needed.
- 11. A legally binding agreement between a buyer and a seller.
- 12. Guidelines set up by the procurement department. It is crucial to spending control and protects organizations from fraud.
- 13. A B2C (business to consumer) entity that sells finished goods and services to a final customer.
- 14. An estimation document that a seller issues to a buyer offering goods or services at a stated price under specified conditions.
- 17. A formal request for goods and services made by a procurement professional.
- 19. A B2B (business to business) entity that makes goods available to another business.