Dictionary of Procurement Terms

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Search Results: 191-200 of 214 results for “S”

  • Supplies

    All tangible items purchased or consumed by an entity.

  • Supply

    1. The ability and willingness to sell (produce) specific quantities of a good at alternative prices in a given time period. 2. The amount of a good or a service available at any particular price.

  • Supply and Demand

    The quantity of goods available for sale at a given price, and the level of consumer need for those goods at a given price. The balance of supply and demand fluctuates as external economic factors such as the cost of materials and the level of competition in the marketplace influence the level of demand from consumers, and the desire and ability of producers to supply the goods. (Business, 2002)

  • Supply and Provisioning

    CANADIAN The operation normally involved in furnishing, providing, affording, or distributing items of supply to an end-user to satisfy stated requirements.

  • Supply Centre/Depot

    CANADIAN A specialized facility designed, equipped, and staffed to perform Warehousing functions and conduct other supply and distribution activities, particularly those associated with the maintenance of Stocks.

  • Supply Chain

    A linear description of an organization’s supply function, which includes all internal functions plus external suppliers who are connected with one another, to identify and satisfy the needs for materials, equipment, and services. The “chain” may begin with raw materials extracted from the earth, and would include extractors, converters, original equipment manufacturers, distributors and finally the end user (customer). (Burt, Dobler, & Starling, 2003)

  • Supply Chain Management (SCM)

    1. Those actions and values responsible for continuous improvement of the design, development, and management process of an organization’s supply system, with the objective of improving its profitability and survival of its customers and suppliers. It has a major impact on net income and shareholder value. (Burt, Dobler, & Starling, 2003) 2. The identification, acquisition, access, positioning, and management of resources the organization needs in the attainment of its strategic objective. (ISM, 2000)

    See Also: Materiel Management

  • Supply Chain Management Association (SCMA)™

    The Supply Chain Management Association (SCMA)™ is Canada’s largest association for supply chain management professionals. SCMA™ represents 7,500 members as well as the wider profession working in roles that cover sourcing, procurement, logistics, inventory, and contract management. SCMA™ sets the standards for excellence and ethics, and is the principal source of professional development and accreditation in supply chain management in Canada. (SCMA, 2016)

  • Supply Chain Pollution Avoidance (SCPA)

    SCPA is an approach that focuses on processes that prevent or minimize pollution from being created throughout the chain. (Burt, Dobler, & Starling, 2003)

  • Supply Networks

    Flexible virtual supply systems linked together by communication systems and alliances. They optimize the flow of materials, services, information and money. They focus on speed, are highly adaptive, innovative, and tightly integrated. (Burt, Dobler, & Starling, 2003)