Addendum … This process includes activities like ordering, expediting, receiving, and fulfilling payment. Because purchasing is all about volume, you end up paying more since you only need a smaller portion of the pie. Destination means that legal ownership of … Acronym Meaning ERP Enterprise Resource Planning. What does ARO stand for in Money? 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. General definitions are provided for reference only. 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. 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. 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. SEEN ON QUOTES BY A SUPPLIER. Here are some of the basic terms and a brief definition of each: 1. ADDENDUM. Destination is the University standard, since it provides the most protection to the department/school and the University. An enterprise-wide, integrated system for managing business processes across multiple disciplines and locations. 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 Average Rate Option Banking, ... Purchasing … Money ARO abbreviation meaning defined here. Looking for the definition of ARO? Every procurement professional should know the meaning of key terminology used throughout procurement documents in order to have better understanding of supply process. Freight Definitions & Terms. Find out what is the full meaning of ARO on Abbreviations.com! Purchasing is a small subset of the broader procurement function. The liability is commonly a legal requirement to return a site to its previous condition. An asset retirement obligation (ARO) is a liability associated with the eventual retirement of a fixed asset. 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