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: 1621-1630 of 2469 results

  • Organization

    An arrangement of people and resources working in a planned manner toward specific strategic goals. May include any structured body such as a business, company, or firm in the public or private sector, or not-for-profit association. (Business, 2002)

  • Organization Chart (Org chart)

    A graphic illustration of an organization’s structure, showing hierarchical authority and relationships between departments and functions. (Business, 2002)

  • Organizational (Corporate) Culture

    The company's shared values, beliefs, traditions, philosophies, rules, and heroes. (Business, 2002)

  • Organizing

    The structuring of resources and activities to accomplish objectives in an efficient and effective manner. One of the primary management functions. (Ferrell & Hirt, 2002)

  • Original Equipment Manufacturer (OEM)

    A supply management term for the purchase of parts and material directly from the manufacturer of the equipment or from an authorized reseller. For example, Ford automotive replacement parts would be purchased from an authorized Ford reseller. (ISM, 2000)

  • Originator

    CANADIAN One who initiates a procurement, issue, or disposal transaction.

  • OSHA


    See Also: Occupational Safety and Health Administration (OSHA)

  • Outcome

    The result of a process.

  • Outputs

    The amount of something that is produced by a person or thing; something (such as power, energy, or information) that is produced by a machine or system; the place at which information, power, etc., comes out of a machine or system. (Merriam-Webster)

  • Outsourcing

    Occurs when an entity makes an informed decision to contract out a product, service, or business process that was previously provided by internal (in-house) resources. The responsibility for providing the contracted-out product, service, or business process remains with the entity, and the entity pays the contractor for the work done and administers the contract.

    See Also: Insourcing (in-house), Contracting Out

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