Dictionary of Procurement Terms

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Search Results: 51-60 of 69 results for “O”

  • Order Record

    A central record of orders issued.

  • Ordered Suspension

    An action in which an agency orders work to be suspended in accordance with a contract suspension of work clause. The contractor may be compensated only if the delay is unreasonable. Contractors are not entitled to compensation if the suspension of work is the contractor’s fault. Suspension of work due to faulty performance is an example.

    See Also: Suspension of Work Clause

  • Ordering Costs

    The costs associated with issuing a ​purchase ​order or placing an order.

  • Ordering Office

    CANADIAN A client or customer location from which goods or services are ordered.

  • Ordinances

    Generally refers to laws that county and municipal legislative bodies, such as boards of supervisors and city councils, pass applicable to those jurisdictions. May include requirements specific to the procurement of supplies and services. (Harney, 1992)

    See Also: By-Law

  • Organization

    An arrangement of people and resources working in a planned manner toward specific strategic goals. May include any structured body such as a business, company, or firm in the public or private sector, or not-for-profit association. (Business, 2002)

  • Organization Chart (Org chart)

    A graphic illustration of an organization’s structure, showing hierarchical authority and relationships between departments and functions. (Business, 2002)

  • Organizational (Corporate) Culture

    The company's shared values, beliefs, traditions, philosophies, rules, and heroes. (Business, 2002)

  • Organizing

    The structuring of resources and activities to accomplish objectives in an efficient and effective manner. One of the primary management functions. (Ferrell & Hirt, 2002)

  • Original Equipment Manufacturer (OEM)

    A supply management term for the purchase of parts and material directly from the manufacturer of the equipment or from an authorized reseller. For example, Ford automotive replacement parts would be purchased from an authorized Ford reseller. (ISM, 2000)
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