The Glossary of Key Purchasing Terms, Acronyms, and Formulas

The Glossary of Key Purchasing Terms, Acronyms, and FormulasIn a simple, logical fashion, this glossary presents concise and germane definitions of purchasing terminology. A thorough compilation of acronyms, formulas, equations and "buzz-words," it contains complete definitions of the latest technological terms of the industry.

Supplier Certification (SC), Just-In-Time (J.I.T.), Total Quality Control (TQC), Suppliers as Partners (SAP), UCLX = X + A2R. What do these terms and formulas mean? These definitions, as well as other acronyms and purchasing performance formulas, can be found in this book. In a format which is clear, simple and concise, this book allows for quick referencing, along with its ability to be an extensive research tool. The definitions and information contained in this book were collected from the many sources listed on the back page of this dictionary.

It was reviewed by several experts in the field of purchasing from many companies and organizations worldwide. Their suggestions, additions and improvements were incorporated into the original list of terms collected by the editor.

The research, sources and experts adding information to this dictionary reads like a who's who of today's leading corporations. Together with the editor, they have produced the most valuable resource manual for not only purchasing professionals, but any service, manufacturing, distribution, administration or other professional seeking the correct answers.