Purchasing & Accounts Payable Glossary

Purchasing & Accounts Payable Glossary

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There are currently 3 Glossaries in this directory beginning with the letter M.

Material Procurement

Material procurement is the process of sourcing, purchasing, and managing raw materials or finished goods required for production or operations. Read More

Maverick Spend

Maverick Spend, also known as rogue or uncontrolled spend, is a term used in procurement to describe spending that happens outside of established procurement policies and procedures. Read More

MRO Procurement

MRO procurement refers to the acquisition of materials, spare parts, and services required for the maintenance and repair of machinery, equipment, and facilities. Read More