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Many industries employ procurement officers, from small companies to global organizations. In a small company, the procurement officer may work singly, but often there is a team that executes the purchasing for an organization. A chief procurement officer working for a multinational corporation might manage a globally-dispersed team.
The Contracting Officer and the contractor must seek to achieve their sometimes conflicting goals while following the requirements of the regulations. As with any complex document (in book form, Title 48 of the CFR requires several shelves), the FAR and its supplements can be interpreted differently by different people.
Qualifications-Based Selection (QBS) is a procurement process established by the United States Congress as a part of the Brooks Act [1] and further developed as a process for public agencies to use for the selection of architectural and engineering services for public construction projects. It is a competitive contract procurement process ...
Institute for Supply Management (ISM) is the world's oldest and largest supply management association. [1] Founded in 1915, the U.S.-based not-for-profit educational association serves professionals and organizations with interest in supply management, providing education, training, qualifications, publications, information, and research.
Up until 2008, the highest credential that ISM offered was the Certified Purchasing Manager (C.P.M.) designation, which the organization first offered in 1974. [4] The C.P.M. required qualified applicants to pass four exam modules that measured their aptitude in areas such as purchasing, supplier relations, quality issues, business law, personnel challenges, diversity and more.
The Army Requirements Oversight Council (AROC) is an advisory council to the Army Chief of Staff, who chairs AROC. [12] AROC is a mechanism which can authorize the acquisition process. AROC brings the budgeting, requirements and acquisition circles into a venue for making some key decisions. [a] [15] [16] [12] [17] [18] [19]
Personnel who undertake procurement on behalf of an organization may be referred to as procurement officers, professionals or specialists, buyers or supply managers. [61] The US Federal Acquisition Regulation refers to Contracting Officers. [62] Staff in managerial positions may be referred to as Purchasing Managers or Procurement Managers.
Chartered Institute of Procurement & Supply; Chief procurement officer; Collateral Billing number; Commercial off-the-shelf; Commodity management; Construction by configuration; Controversies regarding COVID-19 contracts in the United Kingdom; Cost-plus contract; Cost-plus-incentive fee
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