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: 2211-2220 of 2469 results

  • Substitute Goods

    Goods/products for which an increase (or fall) in demand for one leads to a fall (or increase) in demand for another. Examples: Ford vs.GM, Pepsi vs. Coke, and Dell vs. Hewlett Packard. (Schiller, 2000)

  • Succession Planning

    Developing and implementing strategies to address any identified leadership pipeline or workforce gaps.

  • Sunshine Law

    Florida’s Government in the Sunshine Law, commonly referred to as the Sunshine Law, provides a right of access to governmental proceedings of public boards or commissions at both the state and local levels. (Florida Attorney General)

  • Superfund


    See Also: Comprehensive Environmental Response, Compensation and Liability Act (CERCLA)

  • Supplemental Agreement

    Any ​contract, addendum, or modification accomplished by the mutual action of both parties.

  • Supplier

    A person or business that provides goods and/or services [preferred term].

    See Also: Vendor

  • Supplier Analysis

    A review conducted of specific suppliers to assess their qualifications, availability, performance, past performance, and product quality. To look at specific traits and elements of that specific supplier as opposed to the aggregate.

    See Also: Market Analysis, Demand Analysis

  • Supplier Development

    A systematic organizational effort to create and maintain a network of competent and pre-qualified ​suppliers.

  • Supplier Evaluation

    Objective analysis of suppliers by evaluating past performance, used with current suppliers, or as a preliminary assessment of new suppliers; an evaluation of any or all the capabilities of a supplier that pertain to its competence as a source of supply. Suppliers are usually evaluated on their technical quality, delivery, service, cost, and managerial capabilities.

  • Supplier Lead Time

    The time that normally elapses between the time an order is received by the supplier and shipment of the material.

    See Also: Lead Time

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