Procurement language article originally published by, and permission to publish here provided by, Sam Jenks at kodiakrating.com.
From one Procurement organization to the next, terminology differs.
Of course, it’s impossible to expect that every company would work within the exact same framework of understanding and messaging, but the lack of being able to communicate can sometimes be the difference between success and failure.
Procurement is a function, that is undergoing transformation; technologically and ideologically.
With change comes new methods of communicating. RFPs become RFSs (Requests for Solution), and people speak less about TCO and more about TVO (Total Value of Ownership).
Language has a funny way of working. Communication, verbal and non-verbal, is the thing that brings us together as humans and as collaborators in business. But, it’s also the very thing that can create a sense of otherness, confusion or disdain.Continue reading “Procurement Terminology is a Mess!”