Disaggregation

September 6, 2013

This is the opposite to aggregation. It occurs when the good or service being procured is broken down into small lots (rather than being aggregated into one large...

Discount

September 6, 2013

Offer to reduce quoted prices if certain criteria are met.

Diseconomies of Scope

September 6, 2013

If a supplier secures contracts for items or services that offer no mutual cost efficiences and in fact increase costs for the provision of both on average then...

Duopoly

September 6, 2013

A form of oligopoly where a single market consists of two (dominant) participants.

Early Adopters

September 6, 2013

Early adopters are people who embrace new concepts and technologies and are willing to test them. It is important for breakthrough technologies to identify early adopters as they...

Economies of Scale

September 6, 2013

As volumes grow fixed costs get spread over a greater number (of say units) and hence the unit costs tends to fall.

Efficiency

September 6, 2013

Processes are efficient when a minimum amount of effort is used, and a minimum amount of waste is produced.

Electronic Auction (e-auction)

September 6, 2013

An electronic auction is an online marketplace where suppliers and bidders can engage. There are different types, of which a reverse auction is the most common in procurement....