Dictionary of Procurement Terms

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Search Results: 1631-1640 of 2469 results

  • Outsourcing of Non-Core Activities

    Evaluating purchasing and supply activities to place non-core activities with outside contractors or suppliers. A form of “second-level” cost savings. (Crimi & Kauffman, 2003)

  • Overage

    CANADIAN The quantity disclosed by count as being in excess of the quantity indicated on associated records; Surplus.

  • Overhead Cost

    The indirect recurring costs of running a business. (Business, 2002)

  • Overrun

    An amount by which the actual cost of performance exceeds the amount budgeted for the work or the amount contracted for.

  • P3


    See Also: Public-Private Partnership (P3)

  • Packaging

    See Public-Private Partnership.

  • Packing List (Slip)

    A document that itemizes in detail the contents of a particular package or shipment. It is provided to the carrier by the shipper and accompanies the shipment.

  • Pallet

    A portable platform upon which goods are placed in unit loads to facilitate stacking and handling by mechanical equipment such as a forklift truck or pallet jack. (ISM, 2000)

  • PAP


    See Also: Performance Assessment Plan (PAP)

  • Paper Trail

    All of the documentation of a procurement which is required for future reference and for audit purposes. (Business, 2002)

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