We take a look at the future of procurement in the current issue, with experts trying to imagine what purchasing will look like in the next 75 years.
But what will the vocabulary of purchasing sound like? We have already progressed from calling it buying, to purchasing, and now procurement. And already we are seeing a shift replacing that with “commissioning”.
Suppliers too are not immune. One buyer recently said that they are no longer referring to them as suppliers, because of the negative relationship that implies. Now they are referred to as “co-makers” and “co-developers”.
How do you think the language of buying will change in the future? And what are your suggestions for words that may be useful to use?