oboloo Glossary

Forward Commitment Procurement

oboloo Glossary

Forward Commitment Procurement

Forward Commitment Procurement Definition

A forward commitment procurement is a contract in which the buyer agrees to purchase a certain amount of goods or services at a set price and delivery date. This type of contract can be used to lock in prices and ensure that the buyer has the product or service when they need it.

Share on Social Media

Want to find out more about procurement?

Access more blogs, articles and FAQ's relating to procurement

The smarter way to have full visibility & control of your suppliers

Resources

Charities/Non-Profits

FAQ’s

Service Status

Release Notes

Contact

Feel free to contact us here. Our support team will get back to you as soon as possible

The smarter way to have full visibility & control of your suppliers

Contact

Feel free to contact us here. Our support team will get back to you as soon as possible

© 2024 oboloo Limited. All rights reserved. Republication or redistribution of oboloo content, including by framing or similar means, is prohibited without the prior written consent of oboloo Limited. oboloo, Be Supplier Smart and the oboloo logo are registered trademarks of oboloo Limited and its affiliated companies. Trademark numbers: UK00003466421 & UK00003575938 Company Number 12420854. ICO Reference Number: ZA764971

Terms

Sustainability

Equality, Diversity & Inclusion

Modern Slavery