Dictionary of Procurement Terms

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

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Search Results: 1-2 of 2 results for “Z”
  • Zero Based Budgeting

    A budget process in which budgets are prepared with no predetermined allocation or prior year budget history. Each new budget must be created based on justifiable projected program needs.
  • Zero Defects Standard

    A quality management philosophy that promotes an environment in which perfection is strived for in all actions, while conducting process improvement actions to eliminate any and all gaps in conformance to requirements.