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What (who) is procurement price - definition

Procurement PunchOut; Punchout (procurement)

E-procurement

PURCHASE OR SALE CONDUCTED THROUGH THE INTERNET

Electronic procurement system; Esourcing; Online procurement; E-tendering; E-purchasing; E Procurement; Electronic procurement

E-procurement (electronic procurement, sometimes also known as supplier exchange) is the business-to-business or business-to-consumer or business-to-government purchase and sale of supplies, work, and services through the Internet as well as other information and networking systems, such as electronic data interchange and enterprise resource planning.EUROPEAN BANK FOR RECONSTRUCTION AND DEVELOPMENT.

https://en.wikipedia.org/wiki/E-procurement

Government procurement

PURCHASES MADE BY THE GOVERNMENT

Invited public tenders; Public Tenders; Public tenders; Public Tender; Public Tendering; Government contracts; Government contract; Public procurement; Government contracting; Public tender; Public Procurement; Awarding public contract; Public contract; Public procurement law; Public procurement laws; Public Procurement Agency (Albania); Zambia National Tender Board

Government procurement or public procurement is the procurement of goods, services and works on behalf of a public authority, such as a government agency. Amounting to 12 percent of global GDP in 2018, government procurement accounts for a substantial part of the global economy.

https://en.wikipedia.org/wiki/Government_procurement

price tag

LABEL DECLARING THE PRICE OF AN ITEM FOR SALE

Price tagging; Pricetags; Price label

also price-tag (price tags)

1.

If something has a price tag of a particular amount, that is the amount that you must pay in order to buy it. (WRITTEN)

The price tag on the 34-room white Regency mansion is ?17.5 million.

N-COUNT

2.

In a shop, the price tag on an article for sale is a small piece of card or paper which is attached to the article and which has the price written on it.

N-COUNT

Wikipedia

CXML

cXML (commerce eXtensible Markup Language) is a protocol, created by Ariba in 1999, intended for communication of business documents between procurement applications, e-commerce hubs and suppliers. cXML is based on XML and provides formal XML schemas for standard business transactions, allowing programs to modify and validate documents without prior knowledge of their form.

The protocol does not include the full breadth of interactions some parties may wish to communicate. However, it can be expanded through the use of extrinsic elements and newly defined domains for various identifiers. This expansion is the limit of point-to-point configurations necessary for communication.

The current protocol includes documents for setup (company details and transaction profiles), catalogue content, application integration (including the widely used PunchOut feature), original, change and delete purchase orders and responses to all of these requests, order confirmation and ship notice documents (cXML analogues of EDI 855 and 856 transactions) and new invoice documents.

PunchOut is a protocol for interactive sessions managed across the Internet, a communication from one application to another, achieved through a dialog of real-time, synchronous cXML messages, which support user interaction at a remote site. This protocol is most commonly used today in the form of Procurement PunchOut, which specifically supports interactions between a procurement application and a supplier's eCommerce web site and possibly includes an intermediary for authentication and version matching. The buyer leaves or "punches out" of their company's system and goes to the supplier's web-based catalog to locate and add items to their shopping cart, while their application transparently maintains connection with the web site and gathers pertinent information. A vendor catalog, enhanced for this process, is known as a punchout catalog. PunchOut enables communication between the software and the web site so that relevant information about the transaction is delivered to the appropriate channels.

Since SAP's acquisition of Ariba in 2012, this protocol is owned by SAP.

https://en.wikipedia.org/wiki/CXML

Examples of use of procurement price

1. He favoured introduction of the support price as well as a minimum procurement price for incentives to farmers.

2. Khan ruled out any further increase in the wheat procurement price that has already been raised to 625 rupees per 40 kg from 510 rupees.

3. Tiwari said the government‘s plan has failed because it ignored two key demands; a complete waiver of loans owed by Vidarbha farmers to banks and a minimum procurement price of $650 (30,000 rupees) per ton of cotton.