Dictionary of Procurement Terms

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Search Results: 341-350 of 353 results for “C”

  • Current Stock Level

    The quantity currently on hand in the warehouse or storage depot.

  • Current Yield

    The rate of return on a bond; the annual interest payment divided by the bond’s price. (Schiller, 2000)

  • Custodian

    CANADIAN The authorized officer who is accountable for the use and condition of a materiel item.

  • Customer Code

    CANADIAN A five digit code utilized by the Supply and Services Canada Customer Address Directory to identify the using agency that issued the requisition; also indicates shipping and invoicing addresses.

  • Customs

    Taxes, tolls, or duties levied upon goods which pass a frontier generally an import duty. A customs duty is a tariff or tax on the import of or export of goods.

  • Customs Broker

    A highly trained import professional, licensed by the U.S. Customs Service. (ISM, 2000)

  • Customs Tariff

    A schedule of charges assessed by a government on goods moving in or out of a country. (ISM, 2000)

  • Cwt


    See Also: Cents per Hundredweight (Cwt.)

  • Cyberspace

    The space of virtual reality; the notional environment within which electronic communication (esp. via the Internet) occurs. (OED Online, 2015)

  • Cycle Counting

    A physical stock checking system in which the inventory is divided into groups which are physically counted at predetermined intervals, depending on their ABC Inventory Classification. Thus, the physical inventory counting goes on continuously without interrupting operations or storeroom activities. (ISM, 2000)

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