Process

An overview or outline of what is to be done, in a sequence or series of activities, to achieve the desired outcome.

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  Process Efficiency

Finding improvements in the way work is currently done so that the outcomes continue to meet the desired standards.

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  Procurement

A process to ensure that services or products are sourced and purchased in a transparent and cost-effective way.

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  Procurement Need

Procuring a product or service is not (often) carried out just for the sake of it.

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  Procurement Requests

See Procurement.

  Procurement Risk

Mitigating risks as part of a procurement process is an important part of successful procurement.

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  Procurement Specification

This is a detailed document that will provide for well identified and described outcomes which meet the needs of the procurer, to allow competitive bids to be received.

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  Product

The outcome of one or more inputs which are applied to create the product.

  Production Efficiency

The ability to produce a product or service using the fewest resources possible and at its least average total cost.

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  Productive Hours

1. The hours of work activity which can be directly related to the making of a product.

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