Dictionary of Procurement Terms

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Search Results: 1-2 of 2 results for “Centralized Purchasing”

  • Centralized Purchasing

    An organizational structure where the rights, powers, duties, and authority relating to procurement are vested in the Chief Procurement Officer (CPO). While the CPO may delegate some of these powers to others, the final authority resides with the CPO.

    See Also: Decentralized Purchasing

  • Decentralized Purchasing

    An organizational structure in which designated personnel/operating departments from within the organization have the delegated authority to decide on sources of supply and contract directly with suppliers without consulting or receiving the 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