Bargaining is a particular style of negotiation in which the parties try to reach a mutually acceptable agreement.  Some authorities equate bargaining with haggling, where the parties simply try to cl [..]

A blanket release is a specific order raised against an overarching blanket order.  It is usually for a specified quantity or schedule of quantities.

A business case is a structured evaluation of a proposed decision, providing a transparent decision-making trail and evaluating the merits of the choices considered.  Typically business cases are subm [..]

Cooperation is the process of working or acting jointly towards a shared outcome and is the opposite of working in competition.  Most organisations have a spectrum of supplier relationships and cooper [..]

Copyright is a subset of intellectual property law.  A copyright is an exclusive right, granted by law, which prevents unauthorised reproductions of a wide range of works such as books, maps, sheet mu [..]

Feedback is the commentary on performance exchanged between the parties.  Most procurement departments review supplier performance periodically, and the meetings are an opportunity for both parties to [..]

Refer to Goods, Dangerous

Refer to Stock

Purchasing describes all those transactional processes concerned with acquiring goods and services, including payment of invoices.  It is a narrower term than procurement, describing reactive, tactica [..]

For rotable components turn around time is the time between the removal of a repairable component from use and completion of its repair and availability for use.