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A purchase order request or purchase requisition is a request sent internally within a company to obtain purchased goods and services, including stock. The request is a document which tells the purchasing department or manager exactly what items and services are requested, the quantity, source and associated costs. A Purchase Requisition Form ...
A request for quotation (RfQ) is a business process in which a company or public entity requests a quote from a supplier for the purchase of specific products or services. RfQ generally means the same thing as Call for bids (CfB) and Invitation for bid (IfB). [1] An RfQ typically involves more than the price per item.
A request for proposal (RFP) is a form of reverse auction that solicits a business proposal by an organisation interested in the procurement of a service or product from potential suppliers. [1] It is usually part of a complex sales process, and made through a bidding process.
Bunn-O-Matic Corporation is an American manufacturer of dispensed beverage equipment (including coffee and tea) headquartered in Springfield, Illinois, with a plant in Creston, Iowa. [1] Currently, the corporation's products are sold under the BUNN and Bunn-O-Matic brands. The current president and CEO is Arthur H. Bunn.
In the context of the U.S. government, the Federal Acquisition Regulation (FAR) has defined "COTS" as a formal term for commercial items, including services, available in the commercial marketplace that can be bought and used under government contract. [1] For example, Microsoft is a COTS software provider. Goods and construction materials may ...
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John Whitfield Bunn (June 21, 1831 – June 7, 1920) [1] was an American corporate leader, financier, industrialist, and personal friend of Abraham Lincoln, whose work and leadership involved a broad range of institutions ranging from Midwestern railroads, international finance, and Republican Party politics, to corporate consultation, globally significant manufacturing, and the various ...
A return merchandise authorization (RMA), return authorization (RA) or return goods authorization (RGA) is a part of the process of returning a product to receive a refund, replacement, or repair to which buyer and seller agree during the product's warranty period.