Dictionary of Procurement Terms

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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    North American Free Trade Agreement.
  • Narrative Evaluations

    A form of performance measurement and feedback that can be used as an alternative or supplement to other evaluation criteria. Narrative evaluations generally consist of several paragraphs of written text about an individual’s performance. This type of evaluation can be very subjective, depending on the use of words, phrases, and tone.
  • National Association of Purchasing Management (NAPM)

    Founded in 1915, ISM is a nonprofit professional global supply management association. It provides certification, development, education, and research for the supply management and purchasing professions
  • National Institute of Governmental Purchasing Commodity/Services Code

    A numbering system developed by NIGP to identify goods and services purchased by public purchasing entities. The system serves as the cornerstone of an automated purchasing function, helps suppliers identify the goods and services to bid, and enables different jurisdictions to share purchasing information.
  • National Institute of Municipal Law Officers (NIMLO) Model Code

    A document prepared by the National Institute of Municipal Law Officers that includes standards against which an entity can compare its procurement laws.
  • National Institute of Standards and Technology (NIST)

    A physical science laboratory in the U.S. with the mission to foster innovation and build confidence in quantitative biology and biomaterial measurements across government and industry in support of the bioeconomy.
  • National Item Identification Number

    Digits 7 to 13 of a North Atlantic Treaty Organization (NATO) stock number that are non-significant, but sequentially assigned by each National Codification Bureau to a unique item of supply.
  • National Motor Freight Classification (NMFC) Guide

    A list of all items, in theory, that could possibly be transported by a common carrier. The list has a class associated with each item that is determined its by storability, density, handling characteristics, and value. Class (along with distance and weight) is used by the common carrier of the goods to determine the rate of the shipment. See also: Class Rate.
  • Natural Resource

    An asset that occurs in nature and can be used as a raw material for economic production or consumption (e.g., water, forests, and mineral deposits).
  • Negotiate

    To communicate or confer with another party to reach an agreement or compromise to settle some matter.
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