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: 1411-1420 of 2469 results

  • Material Substitutions

    An example of “second level cost savings” achieved by identifying and qualifying acceptable material alternatives that meet ​specification requirements, but cost less than existing materials. (Crimi & Kauffman,​ 2003)

  • Material Variance/Material Deviation

    A major variance, change, deviation, or substitution taken to specifications that gives the offeror a substantial advantage or benefit not enjoyed by all other Offerors or that gives the purchaser something significantly different from what was specified. (Nash, Schooner, & O’Brien, 1998)

  • Material/Materiel Forecasting

    Estimating future needs to avoid stock outs or oversupply.

  • Material/Materiel Requirements Planning (MRP) System

    A technique used to determine the quantity of dependent demand materials used in a planning period. May be used to schedule and control production, inventory levels, and deliveries from outside ​suppliers.

  • Matériel

    Term commonly used by warehouse environments and the military to refer to equipment, apparatus and supplies used by an organization or institution. (Merriam-Webster)

  • Materiel Management

    A comprehensive integration of the various supply management functions within a particular organization. May include functions such as purchasing, storage, inventory control, material forecasting, receiving, transportation, inspection, and quality control. (ISM, 2000)

    See Also: Supply Chain Management (SCM)

  • Materiel Management Institute

    CANADIAN A Canadian non-profit organization offering professional development in the field of public sector materiel and supply management.

  • Maverick Spending

    Used to describe purchases or expenditures not processed through a procurement organization. Direct spending by operational units outside of ​Procurement's control. (Burt, Dobler, & Starling, 2003)

  • Maximum Stock Level

    The level that represents the maximum amount of stock of an item that may be held.

  • May

    Denotes the permissive in a contract clause or specification.

    See Also: Shall

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