Dictionary of Procurement Terms

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  • American National Standards Institute (ANSI)

    A private, not-for-profit organization that enhances both the global competitiveness of U.S. business and the U.S. quality of life by promoting and facilitating voluntary consensus standards and conformity assessment systems, and safeguarding their integrity. (ANSI, 2015)

  • American Production and Inventory Control Society (APICS)

    Premier professional association for supply chain and operations management and the leading provider of research, education and certification programs that elevate supply chain excellence, innovation and resilience. (APICS, 2015)

  • Americans with Disabilities Act (ADA)

    Federal legislation passed in 1990 that prohibits discrimination and ensures equal opportunity for persons with disabilities in employment, state and local government services, public accommodations, commercial facilities, and transportation. It also mandates the establishment of TDD/telephone relay services. The current text of the ADA includes changes made by the ADA Amendments Act of 2008 (P.L. 110-325), which became effective on January 1, 2009. The ADA was originally enacted in public law format and later rearranged and published in the United States Code. (U.S., ADA, 2015)

  • Amortization

    To provide for the gradual reduction in the cost value. An accounting procedure that gradually reduces the cost value of limited life or intangible assets through periodic charges to income. (Business, 2002)

  • Analytical Skills

    An individual’s ability to identify relevant issues, recognize their importance, understand the relationship between them, and perceive the underlying causes of a situation. These skills are crucial in making most procurement decisions.

  • Ancillary Services

    Commercial type support services required by a government such as custodial, landscape maintenance, and refuse collection.

  • ANSI


    See Also: American National Standards Institute (ANSI)

  • Anti-trust Legislation

    Laws that attempt to prevent or eliminate monopolies or oligopolies and to prevent noncompetitive practices.

  • Anticipatory Repudiation

    Statements or acts of a contractor before an actual breach of contract that indicate that the contractor does not intend or is unable to complete or continue to perform under the contract. (Nash et al., 2007)

  • Antitrust Laws

    State and federal laws enacted to ensure free, fair, and open competition by prohibiting monopolies or conspiracies in restraint of trade in interstate and foreign commerce. (Martin & Miller, 2006)

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