-
Objective
A specific, measurable, and
observable result of an organization’s activity
that advances the organization toward its
goal.
-
Obligation
A legal requirement for the
disbursement of funds as a result of orders
placed; contracts awarded; supplies, services,
or construction received; or other contractual
activity.
-
OBS
-
Obsolescence
The process of a commodity
becoming outdated, antiquated, superseded,
or no longer used.
-
Obsolete Supplies/Equipment
Items that are out
of date, no longer in use, or are effectively
unusable (e.g., 8-track audio tapes and floppy
computer disks). Obsolete
supplies/equipment become outdated due to
new technology, new regulations, or new
procedures instituted by the entity. See also:
Surplus.
-
Occupational Safety and Health Administration (OSHA)
A division within the U.S. Department
of Labor that was created by the OSHA Act of
1970. OSHA’s mission is to assure safe and
healthful working conditions for working men
and women by setting and enforcing
standards and by providing training, outreach,
education, and assistance.
-
Ocean Bill of Lading
A receipt detailing a list of
marine-transported goods from the carrier to
the consignee.
-
OCR
-
OEM
-
Off-the-Shelf
Readily available stock item not
requiring special order or modification.
