Dictionary of Procurement Terms

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Search Results: 1-9 of 9 results for “Supplier”

  • Diversity Suppliers

    Business entities including individuals that have challenges in becoming successfully established and gaining economic representation proportional to their demographic representation. Usually applicable to certain ethnic groups as well as the physically challenged and women-owned businesses. (ISM, 2000)

  • Inventory (Supplier Managed)

    A form of outsourcing whereby a contract is initiated with a private business to manage and control the inventory of the public entity. The contractor is responsible for all inventory functions, which may include re-ordering. Also called Vendor Managed Inventory. (Martin & Miller, 2006)

  • 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

  • Supplier Manual

    A guide to provide basic instructions necessary to conduct business with the agency. Developed by the agency, it clearly states the general code of ethics and business relationships and may include, but is not limited to: 1. the standards of conduct expected of agency staff and suppliers and 2. The limitations surrounding their relationship and extent of contacts that suppliers should have with all agency departments and agency staff. Also referred to as Vendor manual.

  • Supplier Performance Report

    A report that evaluates a supplier’s performance based on certain criteria such as quality, delivery, timeliness, and responsiveness.

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