This term refers to the legal relationship between two parties, in which one – ‘the agent’ – is authorised to undertake certain activities on behalf of the other. In some professional services the term ‘agency’ is the generic term for the service provider, for example an advertising agency.

« Back to Glossary Index

Discover the world’s largest Glossary of Procurement terms

With over 800 Procurement specific terms (and growing) you will find everything you need to know or thought you knew about the Procurement function. Our aim is to provide you with a comprehensive list collated from the Comprara Groups hub of training and consulting source materials.The Procurement Glossary has been compiled by industry expert Paul Rogers.