Dictionary of Procurement Terms

The recording of responses to solicitations for the purposes of comparison, analysis, and record keeping.

Short–range plans, usually less than one year, designed to implement the activities and objectives specified in the strategic plan. (Ferrell & Hirt, 2002)

The pioneering techniques of quality control developed by Genichi Taguchi, which focus on improving the quality of a product or process at the design stage rather than after manufacturing or delivery. (Business, 2002)

Served as the director of the Japanese Academy of Quality and is a four-time recipient of the Deming Prize. Believed that poor design resulted in poor quality. (Business, 2002)

The weight of the packaging material used to wrap or protect the actual required item being shipped. (American Purchasing Society)

A specific group of consumers on whose needs and wants a company focuses its marketing efforts. (Ferrell & Hirt, 2002)

1. A schedule containing the rate, rules, and regulations under which transportation carriers handle the shipment of goods. 2. A tax imposed on imported goods. (Ferrell & Hirt, 2002)