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Index Procurement

Procurement is the process of finding, agreeing terms and acquiring goods, services or works from an external source, often via a tendering or competitive bidding process. [1]

55 relations: Agreement on Government Procurement, Auction, Best Value, Bidder conferences, Bidding, Call for bids, Chartered Institute of Procurement & Supply, Cloud computing, Contract, Contract management, Defense Acquisition University, E-procurement, Entity, Expediting, Global sourcing, Gross domestic product, Group purchasing organization, Indirect procurement, Institute for Supply Management, Kickback (bribery), Leverage (negotiation), Lubricant, Maintenance (technical), National Association of State Procurement Officials, Negotiation, Non-disclosure agreement, Notification service, Outsourcing, Performance-based contracting, Preferred partnership, Presales, Procurement outsourcing, Purchase order, Purchasing, Rate contract, Request for association, Request for information, Request for proposal, Request for quotation, Request for solution, Request for tender, Reverse auction, Selection in planning, Shared services, Spend analysis, Strategic sourcing, Supplier relationship management, Supply chain management, Tender notification, Total cost of acquisition, ..., Total cost of ownership, Turnkey, United States Department of Defense, Vesting, Warranty. Expand index (5 more) »

Agreement on Government Procurement

The Agreement on Government Procurement (GPA) is a plurilateral agreement under the auspices of the World Trade Organization (WTO) that entered into force in 1981.

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An auction is a process of buying and selling goods or services by offering them up for bid, taking bids, and then selling the item to the highest bidder.

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Best Value

Best Value was government policy in the United Kingdom affecting the provision of public services in England and Wales.

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Bidder conferences

A bidder conference (vendor conference) is a meeting held by a buyer to discuss a possible purchase with multiple potential suppliers.The bidder conference allows sellers to make inquiries to gather information to use to prepare a bid.

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Bidding is an offer (often competitive) to set a price by an individual or business for a product or service or a demand that something be done.

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Call for bids

A call for bids, call for tenders, or invitation to tender (ITT, often called tender for short) is a special procedure for generating competing offers from different bidders looking to obtain an award of business activity in works, supply, or service contracts.

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Chartered Institute of Procurement & Supply

The Chartered Institute of Procurement & Supply (CIPS), until 8 October 2014 the "Chartered Institute of Purchasing and Supply", is a United Kingdom-based global professional body working for the purchasing and supply professions.

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Cloud computing

Cloud computing is an information technology (IT) paradigm that enables ubiquitous access to shared pools of configurable system resources and higher-level services that can be rapidly provisioned with minimal management effort, often over the Internet.

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A contract is a promise or set of promises that are legally enforceable and, if violated, allow the injured party access to legal remedies.

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Contract management

Contract management or contract administration is the management of contracts made with customers, vendors, partners, or employees.

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Defense Acquisition University

The Defense Acquisition University (DAU) is a corporate university of the United States Department of Defense offering "acquisition, technology, and logistics" (AT&L) training to military and Federal civilian staff and Federal contractors.

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E-procurement (electronic procurement, sometimes also known as supplier exchange) is the business-to-business or business-to-consumer or business-to-government purchase and sale of supplies, work, and services through the Internet as well as other information and networking systems, such as electronic data interchange and enterprise resource planning.

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An entity is something that exists as itself, as a subject or as an object, actually or potentially, concretely or abstractly, physically or not.

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Expediting is a concept in purchasing and project management for securing the quality and timely delivery of goods and components.

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Global sourcing

Global sourcing is the practice of sourcing from the global market for goods and services across geopolitical boundaries.

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Gross domestic product

Gross domestic product (GDP) is a monetary measure of the market value of all final goods and services produced in a period (quarterly or yearly) of time.

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Group purchasing organization

In the United States, a group purchasing organization (GPO) is an entity that is created to leverage the purchasing power of a group of businesses to obtain discounts from vendors based on the collective buying power of the GPO members.

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Indirect procurement

Indirect procurement is the sourcing of all goods and services for a business to enable its activity.

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Institute for Supply Management

Institute for Supply Management (ISM) is the oldest, and the largest, supply management association in the world.

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Kickback (bribery)

A kickback is a form of negotiated bribery in which a commission is paid to the bribe-taker in exchange for services rendered.

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Leverage (negotiation)

In negotiation, leverage is the power that one side of a negotiation has to influence the other side to move closer to their negotiating position.

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A lubricant is a substance, usually organic, introduced to reduce friction between surfaces in mutual contact, which ultimately reduces the heat generated when the surfaces move.

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Maintenance (technical)

The technical meaning of maintenance involves operational and functional checks, servicing, repairing or replacing of necessary devices, equipment, machinery, building infrastructure, and supporting utilities in industrial, business, governmental, and residential installations.

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National Association of State Procurement Officials

The National Association of State Procurement Officials (NASPO) is an American non-profit association formed by the top procurement officials for the fifty states and Washington, D.C. and dedicated to strengthening the state procurement community through education, research, and communication.

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Negotiation comes from the Latin neg (no) and otsia (leisure) referring to businessmen who, unlike the patricians, had no leisure time in their industriousness; it held the meaning of business (le négoce in French) until the 17th century when it took on the diplomatic connotation as a dialogue between two or more people or parties intended to reach a beneficial outcome over one or more issues where a conflict exists with respect to at least one of these issues.

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Non-disclosure agreement

A non-disclosure agreement (NDA), also known as a confidentiality agreement (CA), confidential disclosure agreement (CDA), proprietary information agreement (PIA) or secrecy agreement (SA), is a legal contract between at least two parties that outlines confidential material, knowledge, or information that the parties wish to share with one another for certain purposes, but wish to restrict access to or by third parties.

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Notification service

A notification service provides means to send a notice to many persons at once.

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In business, outsourcing is an agreement in which one company contracts its own internal activity to a different company.

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Performance-based contracting

Performance based contracting (PBC), also known as performance-based logistics (PBL) or performance-based acquisition, is a product support strategy used to achieve measurable supplier performance.

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Preferred partnership

A preferred partner agreement normally refers to an agreement between a vendor (service provider) and those who are allowed to on-sell its products.

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Presales is a process or a set of activities/sales normally carried out before a customer is acquired, though sometimes presales also extends into the period the product or service is delivered to the customer.

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Procurement outsourcing

Procurement outsourcing is the transfer of specified key procurement activities relating to sourcing and supplier management to a third party — perhaps to reduce overall costs or maybe to tighten the company's focus on its core competencies.

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Purchase order

A purchase order (PO) is a commercial document and first official offer issued by a buyer to a seller, indicating types, quantities, and agreed prices for products or services.

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Purchasing refers to a business or organization attempting to acquire goods or services to accomplish its goals.

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Rate contract

A Rate Contract or a Rate Agreement (RC in short) is a procurement cost reduction strategy aimed at standardizing procurement prices for commonly procured, homogenous and price varying inputs.

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Request for association

A Request for association (RFA) or request for collaboration, also called, though less frequently (see below) request for partnership, request for partner or request for alliance, is a commercial document issued by a party which demands association to another party.

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Request for information

A request for information (RFI) is a standard business process whose purpose is to collect written information about the capabilities of various suppliers.

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Request for proposal

A request for proposal (RFP) is a document that solicits proposal, often made through a bidding process, by an agency or company interested in procurement of a commodity, service, or valuable asset, to potential suppliers to submit business proposals.

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Request for quotation

A request for quotation (RfQ) is a standard business process whose purpose is to invite suppliers into a bidding process to bid on specific products or services.

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Request for solution

(not to be confused with Wikipedia:Request for solutions, which is a Wikipedia phased out dispute solving method) A request for solution (RFS, also known as request for proposed solution) is a commercial document that describes a technological or organizational situation and demands a solution (for example, a new arrangement of information technology, IT) to possible suppliers of this solution.

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Request for tender

A request for tenders (RFT) is a formal, structured invitation to suppliers to submit a bid to supply products or services.

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Reverse auction

A reverse auction is a type of auction in which the roles of buyer and seller are reversed.

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Selection in planning

Selection in Planning also known as SIP is a method of selection used to identify suitable vendors and contractors and is an alternative to selection through Tendering.

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Shared services

Shared services is the provision of a service by one part of an organization or group, where that service had previously been found, in more than one part of the organization or group.

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Spend analysis

Spend analysis is the process of collecting, cleansing, classifying and analyzing expenditure data with the purpose of decreasing procurement costs, improving efficiency, and monitoring compliance.

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Strategic sourcing

Strategic sourcing is an institutional procurement process that continuously improves and re-evaluates the purchasing activities of a company.

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Supplier relationship management

Supplier relationship management (SRM) is the discipline of strategically planning for, and managing, all interactions with third party organizations that supply goods and/or services to an organization in order to maximize the value of those interactions.

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Supply chain management

In commerce, supply chain management (SCM), the management of the flow of goods and services, involves the movement and storage of raw materials, of work-in-process inventory, and of finished goods from point of origin to point of consumption.

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Tender notification

A tender notification is an online service, which in more recent times is provided through the delivery model software as a service.

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Total cost of acquisition

Total cost of acquisition (TCA) is a managerial accounting concept that includes all the costs associated with buying goods, services, or assets.

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Total cost of ownership

Total cost of ownership (TCO) is a financial estimate intended to help buyers and owners determine the direct and indirect costs of a product or system.

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A turnkey or a turnkey project (also spelled turn-key) is a type of project that is constructed so that it can be sold to any buyer as a completed product.

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United States Department of Defense

The Department of Defense (DoD, USDOD, or DOD) is an executive branch department of the federal government of the United States charged with coordinating and supervising all agencies and functions of the government concerned directly with national security and the United States Armed Forces.

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In law, vesting is to give an immediately secured right of present or future deployment.

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In contract law, a warranty has various meanings but generally means a guarantee or promise which provides assurance by one party to the other party that specific facts or conditions are true or will happen.

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Competitive bid, Competitive bidding, Five rights (procurement), Freight Tender, Procure, Procure to Pay, Procurement manager, Procures, Tendered, Tenderer, Tenderers.


[1] https://en.wikipedia.org/wiki/Procurement

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