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: 1401-1410 of 2469 results

  • Marketing

    A group of activities designed to expedite transactions by creating, distributing, pricing, and promoting goods, services, and ideas. (Ferrell & Hirt, 2002)

  • Marketing Channel

    A group of organizations that moves products from their producer to customers; also called Channel of Distribution. (Ferrell & Hirt, 2002)

  • Marketing Mix

    The four marketing activities​, ​product​, price, promotion, and distribution, that the business can control to achieve specific goals within a dynamic marketing environment. (Ferrell & Hirt, 2002)

  • Maslow’s Hierarchy (of Need)

    A theory developed by Abraham Maslow, that arranges the five basic needs of people: physiological, security, social, esteem, and self-actualization, into the order in which people strive to satisfy them. Once a need is satisfied, it is no longer a motivator. (Ferrell & Hirt, 2002)

  • Mass Production

    Large-scale manufacturing, often designed to meet the demand of a particular product. (Business, 2002)

  • Material

    1. A substance from which something is made or can be made, such as building materials, paper, plastic, or other materials. 2. A substance that has a particular quality such as a sticky material, explosive materials, genetic material. (Merriam-Webster)

  • Material Credit

    A credit issued by the warehouse upon the return of requisitioned supplies found to be in excess of requirements.

  • Material Defects

    Defects that are a matter of substance that affect price or quality and do not conform to the ​solicitation requirements.

  • Material Life Cycle

    The phases through which material assets pass, including: assess and plan material requirements; acquisition; operation, use, and maintenance; disposal.

  • Material Safety Data Sheets (MSDS)

    Documentation concerning a hazardous chemical that identifies the chemical, the common names of the ingredients, the physical and chemical characteristics, the hazards of the chemicals, and the emergency and first aid procedures to be considered when working with the chemical.

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