Procurement

Advanced Procurement and Sourcing System

A digital platform that integrates supplier evaluation, contract management, and purchasing automation to optimize organizational buying processes and vendor relationships.

Logistics and Procurement Standards Council

An industry organization that develops best practices, operational metrics, and quality requirements for purchasing operations and materials management across various sectors.

National Procurement and Engineering Standards

A comprehensive framework of technical specifications, bidding requirements, and contract terms for government acquisition of engineering services and infrastructure projects.

Operational Procurement and Quality

A business discipline focused on sourcing materials, selecting vendors, and verifying purchased items meet specification requirements across organizational supply processes.

Request for Proposal

A formal document issued by an organization soliciting bids from potential vendors for a product or service. RFPs outline specifications, requirements, evaluation criteria, and submission guidelines, allowing the issuing organization to compare offerings and select the most suitable provider based on capabilities, pricing, and approach.