A budget represents an organisation’s plan expressed in monetary terms, usually addressing the allocation of resources such as people, assets and expenses. It is often used as a measure of organisational performance control in order to help ensure that the organisation realises its financial goals.

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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.