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: 1871-1880 of 2469 results

  • Purchasing Ethics


    See Also: Ethics

  • Purchasing Management Association of Canada (PMAC)

    CANADIAN An educational and technical organization of purchasing and materiel management personnel and buying organizations, both public and private sector.

  • Purchasing Manager

    Public purchasing employee with responsibility and authority to act for the public agency in certain areas.

  • Purchasing Manual

    A document that describes rules, regulations, policies, and procedures to be followed by the purchasing organization and the agencies/departments it serves.

  • Purchasing Methods

    CANADIAN Canadian public procurement methods to procure goods and services include: Invitation to Tender (ITT), Request for Proposals (RFP), Request for Quotation (RFQ), Request for Standing Offer (RFSO), and Telephone Buy (T-buy).

  • Purchasing Officer

    An official in charge of the procurement operation, from the determination of needs to follow-up, who ensures timely delivery.

  • Purchasing Organization

    Employees responsible for purchasing needed supplies, services, and construction; the purchasing department.

  • Purchasing Policy

    A course of action adopted by the public agency that provides guidance relative to procurement actions.

  • Purchasing Power Parity (PPP)

    PPPs are the rates of currency conversion that equalize the purchasing power of different currencies by eliminating the differences in price levels between countries. In their simplest form, PPPs are simply price relatives that show the ratio of the prices in national currencies of the same good or service in different countries. PPPs are also calculated for product groups and for each of the various levels of aggregation up to and including GDP. (OECD, 2015)

  • Purchasing Procedure

    A mode of conducting purchasing activities.

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