Dictionary of Procurement Terms

1. The mutual, reciprocal, or cooperative interchange of sales or favors by businesses, illegal under the Sherman Antitrust Act. 2. When jurisdictions agree to give full recognition to a license or credential conferred by another jurisdiction.

CANADIAN An authorized officer’s signature (within a department).

1. A privilege extended to shippers allowing goods to be forwarded to a point other than the original destination without removal from the carrier and at the through rate from initial point to that of final delivery. 2. A change, as in consignee, destination, or route, in the original billing of goods in transit.

An entity’s established timetable for maintenance and destruction of purchasing records, based on administrative, historical, and legal requirements.

Material, good, or product that contains recyclable items that are used in manufacturing a new product.

The portion of a product made with recycled materials consisting of pre-consumer materials (waste), post-consumer materials (waste), or both.

The transfer of control, utilization, or location of material among organizations or activities.

Inspection under a sampling plan using the same quality levels for normal inspection but requiring a smaller sample.

A component of due diligence to determine the capability and capacity of performing contractual requirements, whereby previous customers are contacted concerning the potential contractor's skills, qualifications, and capabilities.

A presumably ideal group to which buyers compare and judge themselves and their behavior, use as a standard, or seek to imitate.