As a buyer of electronic components, I've taken for granted just how many terms are used on a daily basis during the procurement process. This only really became apparent when I was asked recently to give a new member of staff from accounts an overview of our purchasing department and what a typical day might look like—whatever one of those is!
After stopping and explaining a number of terms in more detail, I realized just how confusing some of this language can be to staff outside of the purchasing team. So, I thought I'd write a quick guide explaining what some of the more common terms I use when buying electronic components actually mean.
