Dictionary of Procurement Terms

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Search Results: 1611-1620 of 2469 results

  • Order Bill of Lading

    A negotiable bill of lading between carrier and consignor by which legal possession of the shipment may be ordered by endorsement from person to person. It enables a shipper to collect for a shipment before it reaches its destination. Sometimes used by shippers to consign shipments to themselves so that delivery is made only upon the shipper’s order.

    See Also: Bill of Lading

  • Order Level

    The level of stock of any item at which an order is initiated for more supplies of that item.

  • Order Picking

    Selecting and withdrawing goods or components from a store or warehouse of inventory system to meet production requirements or to satisfy customer orders. (Business, 2002)

    See Also: Picking

  • Order Point

    CANADIAN That point in time or level of the net stock at which an order is placed.

  • Order Quantity

    The predetermined standard order size that will be placed with the supplier to replenish inventory.

  • Order Record

    A central record of orders issued.

  • Ordered Suspension

    An action in which an agency orders work to be suspended in accordance with a contract suspension of work clause. The contractor may be compensated only if the delay is unreasonable. Contractors are not entitled to compensation if the suspension of work is the contractor’s fault. Suspension of work due to faulty performance is an example.

    See Also: Suspension of Work Clause

  • Ordering Costs

    The costs associated with issuing a ​purchase ​order or placing an order.

  • Ordering Office

    CANADIAN A client or customer location from which goods or services are ordered.

  • Ordinances

    Generally refers to laws that county and municipal legislative bodies, such as boards of supervisors and city councils, pass applicable to those jurisdictions. May include requirements specific to the procurement of supplies and services. (Harney, 1992)

    See Also: By-Law

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