Procurement Terms
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A purchase catalog, sometimes procurement catalog, is a centralized database or system that contains detailed information about the pre-agreed products and services available for purchase within an organization. It serves as a comprehensive listing of items that can be procured, including descriptions, specifications, pricing, availability, and any associated terms and conditions. The procurement catalog is used by buyers and other stakeholders to browse, search, and select the desired items for procurement purposes. It helps streamline the purchasing process, ensures purchase are made following the correct channels and policies, standardize procurement practices, and ensure accurate and up-to-date information for efficient procurement decision-making.
Specialism:
eProcurement
Procurement Operating Model
Procurement Process
Related terms: