Dictionary of Procurement Terms

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Search Results: 1-1 of 1 result for “Decentralized Purchasing”
  • Decentralized Purchasing

    An organizational structure in which designated personnel/operating departments from within the organization have the delegated authority to select the sources of supply and contract directly with suppliers without consulting or receiving approval from the chief procurement officer (CPO). It should be noted that the scope and degree, if any, of decentralized procurement varies from agency to agency. See also: Centralized Purchasing.
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