Terms and Conditions
Purchasing Glossary or Buzzwords
Monday, December 22nd, 2008Ever wonder what the meaning of some of the terms used by Materials Managers and Purchasing Agents? Terms like RFQ, DNR or a RFP, Vendor, Standing Order Agreement. Although, these acronyms / terms are used frequently and recognized in the field, it is always a good idea to add them in their full context [...]
Terms and Conditions
Sunday, July 20th, 2008Always a good idea to include the Terms and Conditions with your RFQ package at time of issue so the vendors understand what they will have to comply with if they are awarded the contract. In any event, after you have the bid results from your RFQ or RFP, issued an award letter, some Corporations [...]