Speak Procurement
Purchases made outside approved contracts and buying channels are often called "rogue spend" or this kind of spend, named for a Top Gun pilot's call sign. ∞
What is maverick spend?
In March 2021, the container ship Ever Given ran aground and blocked this waterway for six days.
What is the Suez Canal?
Nicknamed "Dr." for its supposed ability to diagnose the global economy, this metal's price is watched as an economic barometer.
What is copper?
Purchase: In 1803, the United States roughly doubled its size by buying the Louisiana Territory from this country.
What is France?
Atlanta pharmacist John Pemberton invented this soft drink in 1886.
What is Coca-Cola?
Before an invoice gets paid, AP compares it against the purchase order and the receiving record in this three-part check.
What is a three-way match?
A shortage of these tiny components forced automakers worldwide to idle plants in 2021.
What are semiconductors (chips)?
Alongside WTI, this crude oil benchmark, named for a North Sea oil field, is one of the two most widely quoted in the world.
What is Brent?
Lead time: Suppliers quote lead times, but chemists know lead by this two-letter symbol on the periodic table.
What is Pb?
Atlanta hosted the Summer Olympic Games in this year.
What is 1996?
In this type of online auction, suppliers compete for a contract by submitting progressively lower bids until the clock runs out.
What is a reverse auction?
A 2011 earthquake and tsunami in this country disrupted global auto and electronics supply chains for months.
What is Japan?
On April 20, 2020, the front-month futures contract for this commodity settled below zero for the first time ever.
What is WTI crude oil?
Contract: In this card game, the highest bidder's commitment to win a set number of tricks is called the contract.
What is bridge?
One of the world's busiest airports by passenger traffic, Atlanta's airport is named for these two former mayors.
Who are William Hartsfield and Maynard Jackson?
This three-word phrase, often shortened to TCO, captures purchase price plus operating, maintenance and disposal costs.
What is total cost of ownership?
In April 2010, an ash cloud from a volcano in this country grounded most European air traffic for days.
What is Iceland?
In 2024, the price of this commodity topped $10,000 per metric ton for the first time, driven largely by poor harvests in West Africa.
What is cocoa?
Catalog: Long before punchout catalogs, this retailer's mail-order catalog sold entire kit homes, shipped to buyers by rail.
What is Sears?
Margaret Mitchell wrote this 1936 Pulitzer Prize-winning novel while living in a small Atlanta apartment.
What is Gone with the Wind?
Introduced in a 1983 Harvard Business Review article, this 2x2 matrix sorts purchases by profit impact and supply risk.
What is the Kraljic Matrix?
In March 2024, the cargo ship Dali struck and collapsed this bridge, closing the main shipping channel into the Port of Baltimore.
What is the Francis Scott Key Bridge?
In March 2022, the London Metal Exchange halted trading in this metal after its price briefly passed $100,000 per ton.
What is nickel?
Auction: In 2020, the 1959 Martin acoustic guitar played by this late Seattle rock icon sold at auction for just over $6 million, a record for a guitar at the time.
Who is Kurt Cobain?
Before becoming Marthasville and then Atlanta, the settlement at the end of the Western & Atlantic Railroad went by this fitting name.
What is Terminus?