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: 1691-1700 of 2469 results

  • Personal Property

    1. Tangible or intangible property, other than real property. 2. Movable property subject to ownership, with exchangeable value.

  • PERT


    See Also: Program Evaluation and Review Technique (PERT)

  • Petites et Moyennes Entreprises

    CANADIAN A French phrase meaning small and medium-sized businesses.

  • Physical Distribution

    All of the activities necessary to move products from producers to customers—inventory control, transportation, warehousing, and materials handling. (ISM, 2002)

  • Picking

    The process of pulling or selecting items from inventory and staging them for delivery or distribution; assembling the items required to fill an order, usually performed with the assistance of a “picking list.” (Business, 2002)

    See Also: Order Picking

  • Piggyback (Piggyback Cooperatives)

    A form of intergovernmental cooperative purchasing in which an entity will be extended the pricing and terms of a contract entered into by a larger entity. Generally, a larger entity will competitively award a contract that will include language allowing for other entities to utilize the contract which may be to their advantage in terms of pricing, thereby gaining economies of scale that they normally would not receive if they competed on their own.

  • Piracy

    Illegal copying of a product such as software or music.

  • Planned Obsolescence

    A manufacturing or assembly policy whereby products are deliberately designed to have a limited or premature life cycle, which will require customers to purchase replacements. (Business, 2002)

  • Planned Order Release (POR)

    A planned authorization for a supplier to ship material against an existing contract. An essential element of a Material Requirements Planning (MRP) System. (ISM, 2000)

  • Planning

    CANADIAN Analysis and evaluation of the ways in which material requirements can be met using a life cycle management approach.

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