Dictionary of Procurement Terms

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Search Results: 61-70 of 248 results for “P”

  • Picking

    The process of pulling or selecting items from inventory and staging them for delivery or distribution; assembling the items required to fill an order, usually performed with the assistance of a “picking list.” (Business, 2002)

    See Also: Order Picking

  • Piggyback (Piggyback Cooperatives)

    A form of intergovernmental cooperative purchasing in which an entity will be extended the pricing and terms of a contract entered into by a larger entity. Generally, a larger entity will competitively award a contract that will include language allowing for other entities to utilize the contract which may be to their advantage in terms of pricing, thereby gaining economies of scale that they normally would not receive if they competed on their own.

  • Piracy

    Illegal copying of a product such as software or music.

  • Planned Obsolescence

    A manufacturing or assembly policy whereby products are deliberately designed to have a limited or premature life cycle, which will require customers to purchase replacements. (Business, 2002)

  • Planned Order Release (POR)

    A planned authorization for a supplier to ship material against an existing contract. An essential element of a Material Requirements Planning (MRP) System. (ISM, 2000)

  • Planning

    CANADIAN Analysis and evaluation of the ways in which material requirements can be met using a life cycle management approach.

  • Plant-Matter Based or Bio Based Product

    A product derived from renewable resources, including fiber crops, such as kenaf; chemical extracts from oilseeds, nuts, fruits and vegetables such as corn and soybeans; agricultural residues, such as wheat straw and corn stover; and wood wastes generated from processing and manufacturing operation. These products stand in contrast to those made from fossil fuels and other less renewable resources such as virgin timber. An important component of green purchasing. (Martin & Miller, 2006)

  • PM


    See Also: Preventive Maintenance (PM)

  • PMAC

    See Purchasing Management Association of Canada.

  • Point of Origin

    The location where shipment is received by a transportation line from the shipper. The shipping point.