Dictionary of Procurement Terms

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: 1171-1180 of 2051 results
  • Material Defects

    Defects that are a matter of substance that affect price or quality and do not conform to the solicitation requirements.
  • Material Life Cycle

    The phases through which material assets pass, including assessing and planning material requirements; acquisition; operation, use, and maintenance; and disposal.
  • Material Safety Data Sheets (MSDS)

    Documentation concerning a hazardous chemical that identifies the chemical, the common names of the ingredients, the physical and chemical characteristics, the hazards of the chemicals, and the emergency and first aid procedures to be considered when working with the chemical.
  • Material Substitution

    A cost-saving strategy in which a less expensive acceptable material alternative, which meets the specification, is used in the production of a good or service.
  • Material Variance/Material Deviation

    A major change or deviation from a specification that gives an offeror a substantial benefit or advantage not given to other suppliers, or one that gives the buyer a good or service that significantly deviates from the solicitation's specification.
  • Material/Materiel Forecasting

    Estimating future needs to avoid stock outs or oversupply.
  • Material/Materiel Requirements Planning (MRP) System

    A technique used to determine the quantity of dependent demand materials used in a planning period. May be used to schedule and control production, inventory levels, and deliveries from outside suppliers.
  • Materials Management

    Typically, a non-federal procurement term for a method and core supply chain function that may include purchasing, storage, transportation, forecasting, inventory control, inspection, and quality control to facilitate the flow of materials throughout the entity from delivery of materials to receipt by the end user. See also: Materiel Management.
  • Matériel

    A warehouse or military term for equipment, supplies, and apparatus used by a warehouse or the military.
  • Materiel Management

    Typically, a federal procurement term for a method and core supply chain function that may include purchasing, storage, transportation, forecasting, inventory control, inspection, and quality control to facilitate the flow of materials throughout the entity from delivery of materials to receipt by the end user. See Also: Supply Chain Management (SCM).
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