Resources
Glossary
Plain-language definitions of the terms that come up in services procurement, sourcing software and AI-assisted buying — written for procurement, finance and IT teams evaluating a platform like apadua.
Core Terms & Process
- Professional Services Procurement
- Indirect Procurement
- Sourcing Event
- RFI (Request for Information)
- RFP (Request for Proposal)
- RFQ (Request for Quotation)
- Source-to-Contract (S2C)
- Statement of Work (SoW)
- Time and Materials (T&M)
- Fixed Price
- Scope of Work
- Evaluation Matrix
- Criteria Weighting
- Proposal Comparison
- Longlist/Shortlist
- Sealed Bid
- Seniority Levels
- Effective Day Rate
- Business Stakeholder
- Scope Creep
- Procurement Intake
- Tail Spend
- Maverick Spend
AI in Procurement
Software & Process Chains
Metrics & Economics
Legal, Compliance & Security
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