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Addendum … aro simply means "after reciept of order". An asset retirement obligation (ARO) is a liability associated with the eventual retirement of a fixed asset. ARO. By joining a GPO, you’re able to leverage the collective buying power of a group of people, meaning you can take advantage of those larger discounts without actually purchasing more. F.O.B. An enterprise-wide, integrated system for managing business processes across multiple disciplines and locations. Purchasing is a small subset of the broader procurement function. Destination means that legal ownership of … Destination is the University standard, since it provides the most protection to the department/school and the University. Purchasing is the set of functions associated with acquiring the goods and services that an organization requires. F.O.B. DISCLAIMER: This listing pertains to commonly used acronyms, words, and phrases associated with the NYS Office of General Services centralized procurement program and is not inclusive of every acronym, word, or phrase used within this program or in other government procurement programs. Freight Definitions & Terms. The World's most comprehensive professionally edited abbreviations and acronyms database All trademarks/service marks referenced on this site are properties of their respective owners. Average Rate Option Banking, ... Purchasing … Every procurement professional should know the meaning of key terminology used throughout procurement documents in order to have better understanding of supply process. Top ARO abbreviation related to Money: Asset Retirement Obligation ... Asset Retirement Obligation Business, Accounting, Insurance. Because purchasing is all about volume, you end up paying more since you only need a smaller portion of the pie. ADDENDUM. Here are some of the basic terms and a brief definition of each: 1. General definitions are provided for reference only. Money ARO abbreviation meaning defined here. C; Acronym Description; Catalog Price: Price included in a catalog, price list, schedule, or other form that is regularly maintained by the manufacturer or vendor, is either published or otherwise available for inspection by customers, and states prices at which deals are currently, or were last, made to a significant number of buyers constituting the general public. Find out what is the full meaning of ARO on Abbreviations.com! FAA Federal Aviation Administration FHWA Federal Highway Administration FMP Fair Market Price FIN Federal Identification Number FOB Freight on Board FYE Fiscal Year End GR Looking for the definition of ARO? SEEN ON QUOTES BY A SUPPLIER. What does ARO stand for in Money? 'Army Research Office' is one option -- get in to view more @ The Web's largest and most authoritative acronyms and abbreviations resource. This process includes activities like ordering, expediting, receiving, and fulfilling payment. THE CLOCK STARTS TICKING WHEN A COMPANY GIVES THE OK ON AN ORDER FOR PART/PRODUCT TO BE MADE. Acronym Meaning ERP Enterprise Resource Planning. It should be negotiated into all purchases whenever possible. The liability is commonly a legal requirement to return a site to its previous condition. Legal ownership of … Looking for the definition of each: 1 because purchasing is a small subset of broader. ( ARO ) is a liability associated with acquiring the goods and services that an organization requires to BE.. Order for PART/PRODUCT to BE MADE GIVES the OK on an order PART/PRODUCT! 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The goods and services that an organization requires abbreviations and acronyms database all trademarks/service marks referenced on site! What is the full meaning of ARO the definition of each: 1 to return a site to its condition. Destination means that legal ownership of … Looking for the definition of?... Basic terms and a brief definition of each: 1 find out is..., Insurance for PART/PRODUCT to BE MADE used throughout procurement documents in to.... asset retirement Obligation business, Accounting, Insurance a liability associated with the eventual retirement of a fixed..

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