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: 2241-2250 of 2469 results

  • Sustainability

    The capacity to endure. Sustainability requires a reconciliation of environmental, social, and economic demands. It encompasses the concept of stewardship, which is the responsible management of resource use.

    See Also: Environmentally Preferable Purchasing

  • Sustainable Procurement

    Purchasing and investment process that takes into account the economic, environmental, and social impacts of an entity's spending.

    See Also: Environmentally Preferable Purchasing

  • SWOT Analysis (Strengths, Weaknesses, Opportunities, Threats)

    Utilized as a strategic planning tool to improve organizational effectiveness of the procurement organization. Developed by Alfred Humphrey for business analysis.

  • System Infrastructure

    The fundamental enabling structure upon which a system operates, including the technology platform, software, and other standards, shared services, management support, and capabilities.

  • Systems Analysis

    The process of analyzing existing systems for the purpose of evaluating possible improvements in methods and procedures.

  • Systems Contract

    A contract that establishes a source of supply for a specified period for a large group or related family of materials; a method of procurement designed to improve reordering of materials used repeatedly. May include a catalog with a list and description of items that can be purchased.

    See Also: Blanket Order

  • T & C


    See Also: Terms and Conditions (T’s and C’s)

  • T & M


    See Also: Time and Materials Contract (T & M)

  • Tabulation of Bids/Responses

    The recording of responses to solicitations for the purposes of comparison, analysis, and record keeping.

  • Tactical Planning

    Short–range plans, usually less than one year, designed to implement the activities and objectives specified in the strategic plan. (Ferrell & Hirt, 2002)

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