Dictionary of Procurement Terms

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Search Results: 1501-1510 of 2469 results

  • National Purchasing Institute (NPI)

    Founded in 1968, the National Procurement Institute, Inc. is designed to establish cooperative relationships among its members and to develop efficient purchasing methods and practices in the areas of governmental, educational, and institutional procurement. The mission of NPI is to facilitate the educational and professional development of its members. The National Procurement Institute, Inc. (NPI) is the Public Sector Affiliate of the Institute for Supply Management. (NPI)

  • NATO


    See Also: North Atlantic Treaty Organization (NATO)

  • NATO Codification System

    A uniform system used as a common method to classify, identify, and designate all items of supply by means of a stock number.

  • NATO Standard Item

    An item selected by an officially constituted NATO standardization group, which would, when manufactured in any NATO country, always meet the same performance, application, and quality standards.

  • NATO Stock Number

    A 13-digit number used to identify items of supply consisting of the NATO Supply Classification, the NATO Nation Code Number, National Item Identification Number, and the NATO Item Identification Number.

  • NATO Supply Classification

    Digits 1 through 4 in the NATO Stock Number that include the group and the class within the group, the whole being known as the supply class.

  • Natural Resources

    1. Land, forests, minerals, water, and other things that occur naturally without human intervention. 2. “Gifts of nature” that are used to produce goods and services. (Schiller, 2000)

  • NCMA


    See Also: National Contract Management Association (NCMA)

  • Near Money

    Assets that can be quickly turned into cash, but that cannot be used directly as a medium of exchange like paper money or checks. (Business, 2000)

  • Negotiate

    To communicate or confer with another party to reach an agreement or compromise to settle some matter.

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