Dictionary of Procurement Terms

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Search Results: 2031-2040 of 2469 results

  • Rubbish

    Refuse that must be disposed of that does not have any market value.

    See Also: Scrap, Waste

  • Rules of Interpretation

    Refers to a set of well-established principles in common law that courts use to interpret the meaning of contracts. (Garner, 2004)

  • S-Corporation

    A corporation taxed as though it were a partnership with restrictions on shareholders. (Business, 2002)

  • SA


    See Also: Strategic Alliance (SA)

  • Safety Stock

    The quantity of material exceeding immediate needs that is held for the purpose of ensuring continuity of supply and guarding against unforeseen shortages. (ISM, 2000)

  • Sales

    The activity of selling a company’s products or services, the income generated by this, or the department that deals with selling. (Business, 2002)

  • Sales Promotion

    Marketing activities, usually short-term, designed to attract attention to a particular product and to increase its sales using advertising and publicity. (Business, 2002)

  • Sales Representative

    A person acting on behalf of a supplier who visits purchasers to discuss requirements. One who sells products and services to buyers. (Business, 2002)

  • Sales Tax

    A levy on a supplier’s sale by an authorized level of government. Governmental entities are generally tax exempt. Sales taxes are regressive because they impose higher taxes on lower incomes. (Schiller, 2000)

    See Also: Regressive Tax System

  • Sales Territory

    A defined area within which a designated salesperson is responsible for selling a product or service. (Business, 2002)