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Records Retention Schedule
An entity’s
established timetable for maintenance and
destruction of purchasing records, based on
administrative, historical, and legal
requirements.
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Recycled Material
Material, good, or product that
contains recyclable items that are used in
manufacturing a new product.
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Recycled Material Content
The portion of a
product made with recycled materials
consisting of pre-consumer materials (waste),
post-consumer materials (waste), or both.
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Redistribution
The transfer of control, utilization,
or location of material among organizations or
activities.
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Reduced Inspection
Inspection under a sampling
plan using the same quality levels for normal
inspection but requiring a smaller sample.
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Reference
A component of due diligence to
determine the capability and capacity of
performing contractual requirements,
whereby previous customers are contacted
concerning the potential contractor's skills,
qualifications, and capabilities.
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Reference Group
A presumably ideal group to
which buyers compare and judge themselves
and their behavior, use as a standard, or seek
to imitate.
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Refused Shipment
1. A delivery of freight or goods and materials
that the consignee refuses to accept.
2. Any delivery from a carrier that is not
accepted.
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Regulation
A statement by a governmental body
to implement, interpret, or prescribe law or
policy, or to describe organization, procedure,
or practice, often promulgated in accordance
with an administrative procedures act.
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Regulatory Body
An independent organization,
usually established by government, that
regulates the activities of companies or
entities in an industry.
