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Stores Accounting
The act of recording the
details of stock movements and balances in
value.
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Stores Management
To provide for the efficient
storage and handling of goods to be
redistributed to the requisitioner, end user, or
client department.
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Straight Bill of Lading
A contract document that
provides for direct shipment to a consignee.
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Strategic Alliance (SA)
An arrangement between
two or more parties to work together on a
mutually beneficial project with each party
retaining its own autonomy.
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Strategic Plan
A comprehensive document that
clearly states an entity's mission, vision,
values, goals, and desired outcomes for the
next 3-5 years, and the resources and actions
needed to achieve them. See also: Tactical
Planning.
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Strategic Procurement Planning (SP2)
The
transformation of an entity’s mission, goals,
and objectives into measurable activities to
be used to plan, budget, and manage the
procurement function within that entity. The
ultimate goal is to effectuate positive change
in organizational culture, systems, and
operational processes.
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Strategic Sourcing
A systematic, continuous
improvement process that directs supply
managers to assess, plan, manage, and develop a supply base in line with an entity’s
stated objectives. This involves the constant
re-evaluation of purchasing activities to
ensure a supplier's alignment with an entity's
long-term goals.
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Strategies
Methods to achieve specific goals and
carry out objectives. All strategies must be
sensitive to financial and other resource
allocation decisions.
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Straw Man
The first offer received in a
competitive negotiation to get the
negotiations moving forward. It is generally of
little merit, but intended to encourage more
purposeful negotiation.
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Straw Vote
An RFP evaluation technique
whereby an evaluation team takes an
informal vote of no consequence to gauge the
feeling of the group toward a proposal or
group of proposals. Used to informally
determine the predisposition of the group.