A communication indicating that something has been received or understood. It usually refers to a form that is received from a supplier that accepts or sometimes modifies the purchase order.
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The act of acquiring goods and services (including construction) for the use of a governmental activity through purchase, rent or lease. Includes the establishment of needs, description of...
The acquisition cost includes all costs associated with generating and processing an order and its related paperwork. In a broader management sense, the acquisition cost is the sum of the ordering...
Work associated with processes that a person or function performs, i.e., process PO’s, process payments, etc.
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The process of identifying and cataloging activities for detailed understanding and documentation of their characteristics. An activity analysis is accomplished by means of interviews, group...
An approach to budgeting where a company uses an understanding of its activities and driver relationships to quantitatively estimate workload and resource requirements as part of an ongoing...
A methodology that measures the cost and performance of cost objects, activities and resources. Cost objects consume activities and activities consume resources. Resource costs are assigned to...
One of Vested's 10 Ailments (see explanation of Vested below) that refers to an outsourcing paradox typically found in Transaction-Based Sourcing Business Models. The service provider is paid for...
Ad valorem taxes (mainly real property tax and sales taxes) in the context of Sourcing and Procurement are customs duties charged on the value of goods that are dutiable, irrespective of quality,...
An addition or supplement to a document; e.g., items or information added to a procurement document.
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