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: 1781-1790 of 2469 results

  • Process Knowledge

    A knowledge sharing trend in entities that proactively fosters collaboration, sharing of knowledge, and organizes around customer-centric processes by encouraging workers to form collaborative teams responsible for the completion of an entire process from end to end. This system organizes workflow to support cross-functional business processes that emphasize the importance of sharing product-related and process-related knowledge across functional boundaries.

  • Process Mapping

    An examination of the steps, activities, and interrelationships associated with performing a specific task. This tool is used in business process reengineering to determine where processes can be enhanced or minimized to improve efficiencies. (ISM, 2002)

  • Procurement

    Purchasing, renting, leasing, or otherwise acquiring any supplies, services, or construction; includes all functions that pertain to the acquisition, including description of requirements, selection, and solicitation of sources, preparation and award of contract, and all phases of contract administration. The combined functions of purchasing, inventory control, traffic and transportation, receiving, inspection, storekeeping, salvage, and disposal operations.

  • Procurement Card (pCard)

    A payment method whereby internal customers (requisitioners) are empowered to deal directly with suppliers for purchases using a credit card issued by a bank or major credit card provider. Generally, a pre-established credit limit is established for each card issued. The cards enable eProcurement and facilitate on-line ordering, frequently from pre-approved suppliers under blanket contracts. (Martin & Miller, 2006)

  • Procurement Code Exceptions

    A payment method whereby internal customers (requisitioners) are empowered to deal directly with suppliers for purchases using a credit card issued by a bank or major credit card provider. Generally, a pre-established credit limit is established for each card issued. The cards enable eProcurement and facilitate on-line ordering, frequently from pre-approved suppliers under blanket contracts. (Martin & Miller, 2006)

  • Procurement Cost

    The total sum of all actual and administrative costs incurred by the buyer in the process of obtaining goods, services, or construction.

    See Also: Carrying Cost

  • Procurement Department

    Office, Division, or Unit with authority and responsibility for contracting needed goods, services, and construction for the entity.

  • Procurement Lead Time

    The total lead time required to obtain a purchased item. Includes purchasing lead time, supplier lead time, transportation time, receiving, and inspection.

  • Procurement Methods

    Methods by which goods, services, or material may be acquired by public purchasers. The methods may include blanket orders, emergency purchases, standing offers, purchase orders, transfers, competitive bidding, competitive negotiation, intergovernmental cooperative agreements, small purchase contracts, purchases via a credit card, etc.

  • Procurement Officer

    Any person duly authorized to enter into and administer a contract and make written determinations and findings thereto. Also includes an authorized representative of the procurement officer acting within the limits of his or her authority.

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