Dictionary of Procurement Terms

Welcome to the NIGP Online Dictionary of Procurement Terms, the comprehensive reference for public purchasing terms and concepts.

Search the Dictionary of Terms

Search Results: 91-100 of 184 results for “S”
  • Spend Analysis

    The process of collecting, cleansing, classifying, and analyzing expenditure data from all sources within an entity (i.e., purchasing card, eProcurement systems, etc.). The process analyzes the current, past, and forecasted expenditures to enable the visibility of data within the organization at various levels (e.g., by supplier, commodity, service, or by department). See also: Market Analysis, Procurement Profile, Supply Positioning.
  • Spiraling Agreement

    A negotiation technique that begins by reaching a minimum agreement, even though it is not related to the objectives, and building bit-by-bit on that first agreement.
  • Splitting Requirements

    Successively breaking up single requirements into smaller ones to stay within small purchase limits and avoid competitive solicitations. Also known as order splitting.
  • Spot Price

    The current marketplace price for an immediate purchase of a good or service. See also: Forward (Supply) Contract.
  • Spot Purchase

    A one-time purchase occasioned by a small requirement, an unusual or emergency circumstance, or a favorable market condition. Also called Spot Buy.
  • Staff Function

    A procurement department's provision of specialized advice and expertise to staff in line positions. Staff functions can include other departments, such as human resources, maintenance, legal, accounting, and public relations. See also: Line Function, Service Function.
  • Stakeholder

    Any entity, group, or individual that can place a claim on an entity’s resources or services or is affected by what the entity does or the services it provides.
  • Standard

    A level of quality or attainment.
  • Standard Contract

    1. A pre-established document containing certain predetermined terms and conditions. 2. A template contract that may be used for the most basic contractual obligations.
  • Standard Deviation

    A calculated measure of the dispersion or variation of a set of values from its mean value.
Advertisement
Advertisement

SUGGESTIONS FOR THE DICTIONARY

 

Is there a term missing from our dictionary?

 

Does a more concise or relevant definition apply?

 

Submit your comments/suggestions to our editorial board at dictionary@nigp.org