Dictionary of Procurement Terms

Welcome to the NIGP Online Dictionary of Procurement Terms, the comprehensive reference for public purchasing terms and concepts.

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Search Results: 1111-1120 of 2469 results

  • Holding Cost (Inventory)

    Expenses related to the risk of keeping inventories. May include overhead expenses, labor, equipment, administration, shrinkage, and other costs such as repair of equipment and workers compensation. (Schiller, 2000)

  • Hollow Corporation

    A business entity that has outsourced most of its internal support operations. (Business, 2002)

  • Homogenization

    The removal of characteristic differences between separate markets and cultures. (Business, 2002)

  • Honorarium

    A token of appreciation in recognition of acts or professional services.

  • Horizontal Integration

    The merging of functions or organizations that operate on a similar level. Involves the union of companies producing the same kinds of goods or operating at the same stage of the supply chain. A strategic plan where most business functions are outsourced except a few core activities. (Business, 2002)

  • Horizontal Training

    Broad-based training to develop employee diversification and focus on special skills. Training that provides experiences with those who can share the corporate knowledge base needed to continue the evolution of the profession. Also known as cross training.

  • Hourly Rate

    The amount charged for an hour of labor; includes wages, all indirect costs, and profit. CANADIAN The hourly rate of pay for the classification as established in the standing offer.

  • HTML


    See Also: Hypertext Markup Language (HTML)

  • HUB


    See Also: Historically Underutilized Business (HUB)

  • Human Capital

    The knowledge and skills possessed by the workforce. The health, strength, education, training, and skills that people bring to their jobs. (Schiller, 2000)

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