Systems & Tools

Procurement Glossary of Terms

Cost savings - spending less than previously spent or less than quoted options.

Cost avoidance - reduction or elimination of a new cost that would have otherwise occurred

eShipGlobal - Yale’s online shipping solution, eShipGlobal, allows you to create airbills and track shipments with FedEx, UPS and DHL through third-party services which significantly reduces invoice errors in addition to providing many other online features.