CorporateWords A-Z Index
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Procurement

Professional Operations Buzzword Operations

The function that controls buying. Exists to save the company money and does — while adding a six-week process to a two-day purchase. Both facts are true simultaneously.

Heard in the wild

“The tool costs $200 but has to go through procurement, so see you in Q3.”

Tone check: Professional

Learn their thresholds. Purchases under certain amounts often have fast paths nobody advertises.

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