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: 2311-2320 of 2469 results

  • Transfer

    CANADIAN Anything given to another person or organization with no expectation that it will be returned. When a materiel item is transferred custodial control is also transferred to the receiving program manager.

  • Transformational Leadership

    A leadership theory that involves leaders who are charismatic and visionary and can inspire followers to transcend their own self-interest for the good of the organization. These leaders appeal to the follower’s ideals and moral values and inspire them to think about problems in new or different ways. The leader exhibits vision, which is the ability to bind people together with an idea. Transformational leadership has a lower turnover rate, has higher productivity rates, and maintains a higher employee satisfaction. 

  • Transit Charges

    Charges made for services rendered while a shipment is in transit.

  • Transition Plan

    A formal, written contract protocol that establishes the approach for planning and managing the interim period between the beginning of a contract and its expiration.

  • Transparency

    In an ethical context, the idea that the more information disclosed about a business, financial, or economic activity, the better. Transparency improves ethical conduct. Maximum disclosure is for the betterment of the public and will help to discourage more regulation. (Martin & Miller, 2006)

  • Transponder

    A device that responds to and transmits radio waves. May be used in a variety of supply management applications such as smart cards, procurement credit cards, inventory tracking, and Radio Frequency Identification (RFID).

  • Trendline

    The tendency to move in a particular direction shown by data variables over a period of time such as a month. (Business, 2002)

  • Trial Balance

    A summary of balances of all general ledger accounts at the end of an accounting period. (Business, 2002)

  • Triple Baseline

    Refers to the metrics that operationalize success across economic, environmental, and social costs and impacts.

  • Truckload (TL)

    A quantity of freight to which truckload rates apply; indicates full truckload as opposed to LT (Less than Truckload) shipment. Motor carriers will charge less per Cwt if a shipper is moving full truckloads (TL).

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