Military dictionary. 2000.
administrative lead time — The interval between initiation of procurement action and letting of contract or placing of order. See also procurement lead time … Military dictionary
production lead time — The time interval if the item is under production as of the date of contract placement. See also procurement lead time … Military dictionary
Procurement — is the acquisition of goods and/or services. It is favourable that the goods/services are appropriate and that they are procured at the best possible cost to meet the needs of the purchaser in terms of quality and quantity, time, and location.… … Wikipedia
initiation of procurement action — That point in time when the approved document requesting procurement and citing funds is forwarded to the procuring activity. See also procurement lead time … Military dictionary
Government procurement in the United States — is based on many of the same principles as commercial contracting, but is subject to special laws and regulation as described below. Persons entering into commercial contracts are pretty much free to do anything that they can agree on. Each… … Wikipedia
Forward Commitment Procurement — (FCP) is a procurement model that can be used to deliver cost effective environmental products and services to the public sector and help to create the market conditions in which the environmental goods and services sector can thrive.The model… … Wikipedia
total materiel assets — The total quantity of an item available in the military system worldwide and all funded procurement of the item with adjustments to provide for transfers out of or into the inventory through the appropriation and procurement lead time periods. It … Military dictionary
level of supply — The quantity of supplies or materiel authorized or directed to be held in anticipation of future demands. See also operating level of supply; order and shipping time; procurement lead time; requisitioning objective; safety level of supply;… … Military dictionary
receipt into the supply system — That point in time when the first item or first quantity of the item of the contract has been received at or is en route to point of first delivery after inspection and acceptance. See also procurement lead time … Military dictionary
requisitioning objective — The maximum quantities of materiel to be maintained on hand and on order to sustain current operations. It will consist of the sum of stocks represented by the operating level, safety level, and the order and shipping time or procurement lead… … Military dictionary
