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World Class Procurement Definitions A forum for defining key terms / definitions as it applies to World Class Procurement and Supply Chain Management

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  #1  
Old 08-02-2010, 11:39 PM
Procurementtips Member
 
Join Date: Aug 2010
Italy
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Luca is on a distinguished road
Default Budgeting

Hi everybody, this is my first message here, I work in the sourcing&procurement sector for financial institutions in Rome, Italy.

It seems to me you're all very professional and it will be a pleasure to read this forum from now on.

May I ask you if you have definitions/ideas about "budgeting" and of course expecially "budgeting about sourcing&procurement".

Hope this doesn't sound too weird to you.

Thanks, regards.

Luca
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  #2  
Old 10-31-2010, 12:20 AM
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Join Date: Oct 2010
United States of America
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Morgan is on a distinguished road
Default Re: Budgeting

Luca,
I'm afraid I don't understand your question.
Do you mean a set budget that you have to base your purchase against?
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  #3  
Old 01-26-2015, 09:52 AM
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Join Date: Jan 2015
South Africa
Posts: 1
cornellm is on a distinguished road
Default Re: Budgeting

Luca,
Can you maybe elaborate more, do you need to know the meaning of budget and understand the concept of budgeting in sourcing and procurement?
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