Examlex
Can a tenant be charged with arson for setting fire to his apartment under common law standards?
Vendor/Supplier Managed
A situation in which the supplier takes responsibility for maintaining inventory levels and ordering supplies, typically based on previously agreed-upon guidelines with the purchaser.
Purchasing Cards
Specialized payment cards issued to employees to make procurement transactions more efficiently and to reduce processing costs.
Small Value Orders
Purchases or orders of relatively low monetary value, which might not warrant the same level of procurement scrutiny as larger expenditures.
E-Procurement System
An electronic system that automates the purchasing and procurement processes of organizations.
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