Dictionary of Procurement Terms

A good manufactured or service provided by a supplier under a specific, identifiable name that distinguishes it from competitive products or services. See also: Brand Name, Brand Name (or Equivalent).

The extent to which a customer is favorable toward buying a specific brand to the exclusion of other competitive brands. (Business 2002)

A name, term, symbol, design, or any combination thereof used in specifications to describe a product by a unique identifier specific to a particular seller or manufacturer that distinguishes it from its competition.

One or more manufacturers’ brand names, with identifying model numbers, used in a specification to invoke certain quality, performance, and other salient characteristics needed to meet solicitation requirements.

Failure to live up to the terms of a contract without legal excuse.

Failure to meet an express or implied agreement regarding the title, quality, content, or condition of something sold.

1. The total number of units that a supplier or manufacturer must sell to generate revenue equal to the total cost associated with all units sold. 2. The number of units that need to be bought using economies of scale, while allowing for carrying cost, rather than using a piecemeal ordering strategy.

Money or favor given or promised to influence the judgment or conduct of a person in a position of trust.