Dictionary of Procurement Terms

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  • Taguchi Method

    The pioneering techniques of quality control developed by Genichi Taguchi, which focus on improving the quality of a product or process at the design stage rather than after manufacturing or delivery. (Business, 2002)

  • Taguchi, Genechi

    Served as the director of the Japanese Academy of Quality and is a four-time recipient of the Deming Prize. Believed that poor design resulted in poor quality. (Business, 2002)

    See Also: Six Sigma

  • Tare Weight

    The weight of the packaging material used to wrap or protect the actual required item being shipped. (American Purchasing Society)

  • Target Market

    A specific group of consumers on whose needs and wants a company focuses its marketing efforts. (Ferrell & Hirt, 2002)

  • Tariff

    1. A schedule containing the rate, rules, and regulations under which transportation carriers handle the shipment of goods. 2. A tax imposed on imported goods. (Ferrell & Hirt, 2002)

  • Task Order Contract


    See Also: Delivery Order Contract

  • Tax Base

    The amount of income or property directly subject to nominal tax rates. (Schiller, 2000)

  • Tax Burden

    A measure of the taxes paid relative to another constant factor, such as total personal income. (Schiller, 2000)

  • TCO


    See Also: Total Cost of Ownership (TCO)

  • Team Development Stages

    Stages include: 1. Forming - Members decide whether to join the group, learn the traits and strengths of other members and identify a leader; 2. Storming - The team experience developmental issues due to personality conflict and difficulty to agree on goals and priorities; 3. Norming - Team defines a set of rules and roles to coordinate group interaction and make the pursuit of goals effective. Team begins to work cohesively; 4. Performing - Team members work within the team structure agreed upon to achieve its goals and objectives; 5. Adjourning - The team completes the project/task and disbands. (Ferrell & Hirt, 2002)

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