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Shortage
A lack of supply of an item in demand.
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Show Cause Notice
A written notice issued to a
contractor when termination for default
appears to be appropriate or imminent. It
provides the contractor with an opportunity to
explain why the contract should not be
terminated for default. If the contract breach
or poor performance is not corrected, the
entity may subsequently issue a termination
for default.
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Shrinkage
Refers to inventory that is lost, stolen,
misplaced, or otherwise unaccounted for.
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SIC Code
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Simplification Program
A process used to screen
an entity's inventory to determine which items
should be consolidated, updated, or no longer
maintained in inventory.
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Single Sampling Plan
A sampling procedure that
uses a single sample size with associated
acceptance and rejection criteria.
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Single Source
A procurement decision whereby purchases are directed to one source because of standardization, warranty, or other factors , even though other competitive sources may be available.
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Site Inspection
Visit to the actual location where
a contract is to be performed by potential
bidders or proposers so they can become
familiar with site conditions. May be held in
conjunction with a pre-bid or pre-proposal
conference.
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Six Sigma
A set of management problem-solving
techniques aimed at greatly reducing the
probability of errors and defects.
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Skid
A wood or metal platform fitted with two
runners or with legs, upon which material is
placed or transported.
