Dictionary of Procurement Terms

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Search Results: 1221-1230 of 2469 results

  • Interstate Commerce Commission Termination Act of 1995

    This Act eliminated the ICC; Surface Transportation Board was established within the Department of Transportation to take over the ICC functions.

  • Intra-Program Efficiency

    A method to determine the most efficient service delivery alternative, when several service delivery alternatives exist, to support a successful program. This analysis is done by using the measures of cost and anticipated benefits for competing service delivery alternatives used to support the program which service delivery alternative (or combination thereof) will provide the maximum net benefits. Then funds (budget) may be allocated appropriately to the alternative(s) that best support the success of the program.

  • Intranet

    A local or restricted communications network, especially a private network created using World Wide Web software. (Oxford Dictionaries, 2015)

  • Intrapreneurs

    Individuals in large firms who take responsibility for the development of innovations within the organization. (Business, 2002)

  • Inventory

    A detailed list of articles of property; goods held for sale or lease or furnished under contracts of service; also, raw materials, work in process or materials used or consumed in a business. U.C.C. 9-109(4). Also, written schedule of such goods. (Black's Law Dictionary, Fifth Edition)

  • Inventory (Holding Cost)


    See Also: Inventory (Holding Cost)

  • Inventory (Supplier Managed)

    A form of outsourcing whereby a contract is initiated with a private business to manage and control the inventory of the public entity. The contractor is responsible for all inventory functions, which may include re-ordering. Also called Vendor Managed Inventory. (Martin & Miller, 2006)

  • Inventory (Vendor Managed)

    A form of outsourcing whereby a Contract is initiated with a private business to manage and control the Inventory of the public entity. The Contractor is responsible for all inventory functions, which may include re-ordering. Also called Vendor Managed Inventory.

  • Inventory Control

    Supervision and management of the supply, storage, and accessibility of items held in Inventory to ensure an adequate supply of available material without excessive oversupply, back orders, or stock outages.

  • Inventory Reconciling

    CANADIAN Comparing the physical inventory figures with the perpetual inventory record and making any necessary corrections.

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