Procurement glossary cips some commentators also use the term 'acquisition' as a generic term to subsume purchasing, sourcing, category management and procurement. Welcome to the nigp online dictionary of procurement terms, the comprehensive reference for public purchasing terms and concepts. A glossary of terms used in payments and settlement systems 8 cpss glossary - march 2003 term definition counterparties involving the purchase and sale of a. Silsbee independent school district 415 hwy 327 west silsbee, tx 77656 phone: 409-980-7800 fax: 409-980-7897. Glossary of terms amount of contract—the total financial obligation incurred by the university in a multi year contract, the obligation incurred. Glossary glossary of terms used in the trading of oil industries energy, utilities & mining consumers who join together to leverage their combined purchasing.
Purchasing glossary within the purchasing profession even basic terms like procurement and purchasing mean different things either side of the atlantic. Ciscocom-glossary of termsdoc glossary of terms additional services means installation of new the purchase, support or maintenance of any. Note this glossary is provided as a source of general information about terms commonly heard or found in procurement-related documents and is published. Car and driver presents car-buying terms glossary read expert vehicle reviews and award-winning feature content at car and driver.
Supply chain glossary like any industry we have a multitude of terms that are commonly used so i’ve started a list here if you have any others to add, please add. Glossary of terms relating to purchasing options at saint john's abbey cemetery. Glossary faq find a buyer's rep a real estate buyer's representative represents the consumer who is purchasing property in a the term fiduciary is defined. Inbound logistics' glossary of transportation, logistics, supply chain, and international trade terms can help you navigate through confusion and get to the meaning. Unfamiliar with some of the terms used in government procurement our glossary will help you understand the more common terms associated with selling to government. Glossary of common procurement terms addendum an addition or supplement to a document purchase order the signed written acceptance of the offer from the vendor.
Select a letter from the index above to see the glossary items beginning with that letter the terms and definitions found in this glossary relate to. Glossary of purchasing and warehouse inventory terms standard terminology and definitions relating to purchasing and warehouse inventory systems. Bid specification the specification is a description in the bid or rfp/q of what the buyer is attempting to purchase, informs prospective suppliers what is.
Contractor a person who agrees to furnish goods or services for a certain price may be a prime contractor or subcontractor formal solicitations. Buying a home: a glossary of terms thinking of buying a home, refinancing your home, or taking out a home equity loan if any of these events are imminent in. Glossary of common procurement terms a b c (including construction) for the use of a governmental activity through purchase, rent, or lease.
Glossary of purchasing terms agreement a properly executed and legally binding contract usually written between two or more parties, (contract or. Expand your knowledge of purchasing vernacular with this extensive glossary of professional purchasing terms discover buyer's glossaries, conversion calculations. Glossary of terms a state purchasing assists state agencies with the procurement of supplies and services through competitive selection and negotiated contracts. Glossary of procurement terms adding together the demand of several buyers for same or similar goods or services in order to increase purchasing glossary.