Procurement glossary: Digitalisation & tools
52 terms on Digitalisation & tools.
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- AI in ProcurementAI Procurement · Artificial Intelligence in Procurement · Machine Learning in ProcurementAI in procurement refers to the use of artificial intelligence and machine learning to support and automate procurement processes. In practice, this covers area
- Automatic account assignmentautomatic account assignment · account determination · Account AssignmentAutomatic account assignment refers to the system-supported allocation of posting accounts, cost centres and tax codes to purchasing line items without an emplo
- Automatic replenishment planningautomatic purchase requisition · auto-planning · automated replenishmentAutomatic replenishment planning refers to the system-supported determination of replacement requirements and the purchase requisitions derived from it in the E
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- Catalogue ComplianceKatalogcompliance · Catalog Compliance · Katalogdaten-ComplianceCatalogue Compliance refers to adherence to defined rules and standards in the creation, maintenance and transmission of supplier catalogue data in digital proc
- Catalogue Content ManagementKCM · Catalog Content Management · E-catalogue managementCatalogue content management refers to the systematic maintenance, structuring and provision of product data for electronic procurement catalogues. In industria
- Catalogue Structureprocurement catalogue structure · e-catalogue structure · electronic catalogue structureThe catalogue structure describes the systematic design of a digital procurement catalogue – that is, the hierarchy, classification and attribution of the items
- Content EnrichmentData enrichment · Product Content Enrichment · Data preparationContent Enrichment refers to the systematic enrichment, validation and preparation of product and master data so that they are unambiguously usable for searcher
- cXMLcommerce eXtensible Markup Language · cXML Punchout · cXML standardcXML (commerce eXtensible Markup Language) is an XML-based standard for the automated exchange of business documents between procurement systems and suppliers.
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- Data catalogueitem catalogue · material catalogue · master data catalogueThe data catalogue is a structured, central collection of descriptive data on materials, standard and catalogue parts, services and suppliers. In technical proc
- Data cleansingData Cleansing · Datenqualität · Master data cleansingData cleansing refers to the systematic review, correction and enrichment of data records, in particular material, supplier and procurement master data. In indu
- Data controlData control in procurement · Data Governance · Master data controlData control refers to the systematic review, approval and continuous monitoring of master data, transaction data and process data along the entire procurement
- Data LakeData Lakehouse · Data Swamp · LakehouseA data lake is a central, scalable repository in which companies consolidate data in its original, raw format from a wide variety of sources. For technical proc
- Data modeldata structure · data architecture · entity-relationship modelA data model describes the structured representation of objects, attributes and relationships in an information system, for example for material master records,
- Data OwnerData Owner · Dateneigentümer · DatenverantwortlicherThe data owner is the clearly named person or function that bears business-level responsibility for a data set – in particular supplier and material master data
- Data Quality ReportData Quality Report · DQ-Report · DatenqualitätsreportA data quality report is a structured document that systematically evaluates and presents the quality of procurement and master data. It shows where material ma
- Data StewardData Stewardship · Data Custodian (colloquial) · Data Governance roleThe Data Steward is a role in data management responsible for the quality, consistency and maintenance of defined data populations. In procurement and supply ch
- Digital Contract ManagementCLM · Contract Lifecycle Management · Contract Management SoftwareDigital contract management refers to the computer-supported creation, negotiation, approval, storage and monitoring of contracts throughout their entire lifecy
- Digital ProcurementDigital Procurement · E-Procurement · Digital PurchasingDigital procurement refers to the holistic digitalisation of purchasing processes along the source-to-pay chain. It covers digital enquiries, supplier qualifica
- Digital Supply Chaindigital supply chain · Digital Supply Network · DSNThe Digital Supply Chain refers to the end-to-end digital networking of all processes, data flows and actors along the supply chain – from demand planning throu
- Duplicate CheckingDuplikatprüfung · Duplicate Check · DatenbereinigungDuplicate checking refers to the systematic identification and cleansing of duplicate records in master data inventories, in particular supplier and material ma
- Duplicate DetectionDuplicate Detection · Dublettenprüfung · Duplicate Record DetectionDuplicate detection refers to the systematic identification of duplicate records in material master data, supplier, customer and order data. It is a core discip
- Duplicate scoreDuplikatscore · Duplicate Score · DatenqualitätsscoreThe duplicate score is a key figure that measures how free master data sets – such as material, supplier or item masters – are from duplicate entries. It is typ
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- E-AuctionReverse Auction · Online Auction · Electronic AuctionThe e-auction, also known as an online auction or reverse auction, is a digital process in which suppliers compete in real time for a contract within a defined
- E-Auction PreparationE-Auction · Reverse Auction · Electronic AuctionE-Auction preparation encompasses all the steps for the structured planning and execution of an electronic auction within the procurement process. It is a decis
- E-ProcurementElectronic Procurement · electronic procurement · e-procurementE-Procurement refers to the electronic handling of procurement processes via digital systems and platforms – from demand identification through quote comparison
- E-procurement in purchasingElectronic Procurement · E-Beschaffung · elektronische BeschaffungE-procurement in purchasing refers to the electronic handling of procurement processes – from demand requisition through ordering to invoice processing – using
- E-SourcingeSourcing · eRFX · Electronic SourcingE-Sourcing refers to the support or execution of sourcing processes – from requirements identification through supplier search to contract award – via digital s
- ECLASSeCl@ss · ECLASS standard · ECLASS classificationECLASS is an internationally established standard for the classification and unambiguous description of products and services, managed by ECLASS e. V., based in
- EDIElectronic Data Interchange · EDIFACT · ANSI X12EDI (Electronic Data Interchange) refers to the standardised electronic exchange of business documents such as purchase orders, despatch advices and invoices be
- Electronic TenderingE-Tendering · Electronic Sourcing · eTenderElectronic tendering refers to the digitally supported execution of tenders and award procedures via electronic platforms. In industrial procurement, it replace
- ERP IntegrationERP connection · ERP interface · Enterprise Resource Planning integrationERP integration refers to the connection of ERP systems to adjacent systems such as inventory management, production planning, e-procurement, supplier portals o
- ETL Process in ProcurementETL · Extract Transform Load · ETL pipelineThe ETL process in procurement refers to the systematic transfer, cleansing and consolidation of procurement data from different source systems into a central t
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- Invoice AutomationInvoice automation · Accounts Payable Automation · electronic invoice processingInvoice Automation refers to the largely automated capture, review and posting of supplier invoices in digital systems. For procurement and finance departments
- Invoice automation rateRechnungsautomatisierungsgrad · Degree of invoice automation · Touchless invoice processingThe invoice automation rate describes the proportion of incoming supplier invoices that are processed, checked and released for payment without manual intervent
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- Mandatory fieldsMandatory details · Mandatory field · required fieldsMandatory fields are input fields in forms, master data and systems that must be completed, without which a transaction cannot be processed or approved. In indu
- Master Data GovernanceMDG · Master Data Governance · Master data managementMaster Data Governance refers to the company-wide organisation, control and quality assurance of master data, i.e. the central base data on materials, suppliers
- Master Data GovernanceMaster Data Governance · Master data management · Data quality managementMaster data governance refers to the sum of policies, roles, processes and controls with which companies ensure the quality, consistency and use of their master
- Master Data ManagementMaster Data Management · MDM · master data maintenanceMaster data management refers to the systematic recording, maintenance and quality assurance of central reference data such as material, supplier and part maste
- Material master attribute maintenanceMaterial master data maintenance · Material Master Data Management · Item maintenanceAttribute maintenance in the material master refers to the systematic maintenance and updating of the properties (attributes) of materials, components and servi
- Mobile Approval (P2P)Mobile Approval · Mobile Genehmigung · Mobile P2PMobile Approval (P2P) refers to the approval of purchase requisitions and purchase orders via mobile devices within the purchase-to-pay process. It replaces pap
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- Procurement Approval Workflowapproval workflow · procurement approval process · purchase order approval processThe procurement approval workflow refers to the structured approval process that is completed between a requisition and the approval of a purchase order or cont
- Procurement Data ModelEinkaufsdatenmodell · Purchasing Data Model · Procurement Data ModelThe procurement data model describes the structured representation of all procurement-relevant data objects, their attributes and their relationships to one ano
- PunchoutPunchout catalogue · Punch-Out · Punchout catalogue connectionPunchout refers to a technical process in which a buyer switches directly from their company's procurement system to a supplier's online shop and is automatical
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- Supplier IdentifierSupplier Identifier · Lieferantennummer · Vendor IDThe supplier identifier is a unique, immutable mark that distinguishes each supplier from all others within a data model or ERP system. It is the technical foun
- Supplier PortalLieferantenportal · Vendor Portal · LieferantenaustauschportalA supplier portal is a web-based portal through which companies exchange information, processes and documents with their suppliers. It centralises enquiries, or
- Supplier PortalSupplier Portal · Lieferantenplattform · LieferantencockpitA supplier portal is a web-based platform through which companies communicate with their suppliers, handle business processes and exchange data. It serves as th