Definition:Broken links

Definition:Artificial intelligence (AI) Definition:Machine learning (ML) Definition:Deep learning Definition:Natural language processing (NLP) Definition:Computer vision Definition:Predictive analytics Definition:Predictive modelling Definition:Algorithmic underwriting Definition:Automated claims processing Definition:Fraud detection Definition:Optical character recognition (OCR) Definition:Robotic process automation (RPA) Definition:Chatbot Definition:Large language model (LLM) Definition:Generative artificial intelligence (GenAI) Definition:Neural network Definition:Supervised learning Definition:Unsupervised learning Definition:Training data Definition:Algorithmic bias Definition:Explainability Definition:Black box model Definition:Model validation Definition:Telematics Definition:Sentiment analysis Definition:Decision tree Definition:Data mining Definition:Straight-through processing (STP) Definition:Intelligent document processing (IDP) Definition:Digital twin

Definition:Request for proposal (RFP) Definition:Request for information (RFI) Definition:Request for quotation (RFQ) Definition:Vendor management Definition:Third-party risk management (TPRM) Definition:Service level agreement (SLA) Definition:Key performance indicator (KPI) Definition:Due diligence Definition:Outsourcing Definition:Insourcing Definition:Preferred supplier Definition:Supplier evaluation Definition:Total cost of ownership (TCO) Definition:Procurement lifecycle Definition:Contract management Definition:Master service agreement (MSA) Definition:Statement of work (SOW) Definition:Spend analysis Definition:Category management Definition:Strategic sourcing Definition:Competitive tendering Definition:Vendor lock-in Definition:Subcontracting Definition:Non-disclosure agreement (NDA) Definition:Purchase order (PO) Definition:Procure-to-pay (P2P) Definition:Supplier onboarding Definition:Benchmarking Definition:Tail spend Definition:Business continuity planning (BCP) Definition:Sole sourcing Definition:Single sourcing Definition:Multi-sourcing Definition:Nearshoring Definition:Offshoring Definition:Onshoring Definition:Managed service provider (MSP) Definition:Business process outsourcing (BPO) Definition:Information technology outsourcing (ITO) Definition:Vendor consolidation Definition:Supplier diversity Definition:Framework agreement Definition:Blanket purchase agreement (BPA) Definition:Rate card Definition:Cost-benefit analysis (CBA) Definition:Return on investment (ROI) Definition:Value for money (VFM) Definition:Negotiation strategy Definition:Best and final offer (BAFO) Definition:Invitation to tender (ITT) Definition:Evaluation criteria Definition:Weighted scoring model Definition:Proof of concept (POC) Definition:Pilot programme Definition:Vendor risk assessment Definition:Supplier scorecard Definition:Contract renewal Definition:Auto-renewal clause Definition:Termination for convenience Definition:Exit strategy Definition:Transition plan Definition:Change control Definition:Scope creep Definition:Escalation procedure Definition:Governance framework Definition:Steering committee Definition:Stakeholder management Definition:Demand management Definition:Specification Definition:Compliance requirement Definition:Regulatory outsourcing obligation Definition:Material outsourcing Definition:Critical service provider Definition:Concentration risk Definition:Fourth-party risk Definition:Supply chain risk Definition:Right to audit clause Definition:Data processing agreement (DPA) Definition:Intellectual property rights (IPR) Definition:Indemnification clause Definition:Limitation of liability Definition:Force majeure Definition:Liquidated damages Definition:Penalty clause Definition:Earnback mechanism Definition:Gain-sharing arrangement Definition:Fixed-price contract Definition:Time-and-materials contract (T&M) Definition:Cost-plus contract Definition:Outcome-based contract Definition:Maverick spend Definition:Spend under management Definition:Savings target Definition:Budget holder Definition:Approval workflow Definition:Delegated authority Definition:Procurement policy Definition:Ethical sourcing Definition:Environmental, social, and governance criteria (ESG) Definition:Sustainable procurement Definition:Vendor performance review Definition:Continuous improvement Definition:Market analysis Definition:Make-or-buy decision Definition:Incumbent supplier