The disqualification of a person to receive invitations for bids or requests for proposals, or the award of a contract by a government body, for a specified time commensurate with the seriousness of the offense, the failure, or the inadequacy of performance.
The reduction or removal of carbon dioxide from energy sources.
The activities performed to take a product or service out of use and make it unavailable to customers.
Failure by a party to a contract to comply with contractual requirements.
A downscaling of production and consumption.
The formal handing over of property; the transfer of possession, such as by carrier to purchaser.
How much or many of a product or service customers are prepared to buy at different prices.
A graphical representation of how price changes with changes in the demand for an item.
The type, age, culture, interests and financial position of people.
The detention of a ship, railroad, car or truck beyond a specified time for loading/unloading; the payment required and made for the delay.
Raw materials or component parts whose demand (ordering levels) is influenced by demand for the finished product.
The reduction over time in the value of an asset held by a company, often due to wear and tear. An amount for this is treated as a cost in a company’s annual accounts.
The amount of money by which annual accounts are adjusted to reflect the cost of a reduction in the value of assets. This money is put aside to purchase a replacement for the asset at a future date.
An accounting method of spreading the cost of an asset over a defined period, usually several financial years.
A specification setting forth the required characteristics to be considered for award of contract, including sufficient detail to show how the product is to be manufactured.
The place to which a shipment is consigned.
A detailed document that sets out the precise way that a product must be built, or a service delivered; includes technical drawings, standards that must be met and dimensions.
Delegate or transfer power.
The act of placing an order under a framework agreement without having further competition.
Cost that is directly associated with the production of a good or service.
The salary cost for employees who work in the manufacturing process of an item or delivery of a service.
The cost of materials and components used in the production of an item or delivery of a service.
Raw materials and goods for use in production.
A disability-owned business enterprise (DOBE) is a for-profit business that is at least 51% owned, managed and controlled by a person with a disability regardless of whether or not that business owner employs person(s) with a disability.
Any veteran that was disabled during active-duty service and received a rating letter qualifies for being classified as a Disabled Veteran Business Enterprise. A similar 51% ownership and control of the business is applied to businesses owned by service-disabled veterans.
Declaring gifts or hospitality received from a supplier to ensure transparency of dealings.
Spending by consumers on things they want to buy rather than on things they have to buy such as food and housing.
Where unit costs rise with rising output.
The process of moving materials or products from one supply chain participant to another.
The network used to get a product or service from the manufacturer or creator to the end user or consumer. It can include wholesalers, agents and retailers.
Money paid from the company’s earnings to the shareholder.
MAPS Procurement uses document type to differentiate among different functions for a requisition, solicitation, contract, or order. The document type is a field to be entered on those screens that are for requisition solicitation, contract, or order.
Private, not business.
Impacts on the environment caused as a result of the use of the goods you are producing.
Time when production or services cannot be carried out.
Merchandise which is shipped by a manufacturer directly to a customer in response to the seller who collects orders but does not maintain an inventory.
Using two or more suppliers for a product, splitting demand between them, to keep pricing competitive and ensure continuity of supply.
Undertaking a thorough appraisal or conducting an evaluation to establish all the facts prior to entering into an agreement.
Whether you’re looking to maximize diversity spend, optimize supplier diversification, or identify emergency sourcing options, the best available supplier data makes all the difference.Learn More