THE CLOCK STARTS TICKING WHEN A COMPANY GIVES THE OK ON AN ORDER FOR PART/PRODUCT TO BE MADE. 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. Looking for the definition of 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. Acronym Meaning ERP Enterprise Resource Planning. General definitions are provided for reference only. Money ARO abbreviation meaning defined here. Destination means that legal ownership of … Purchasing is a small subset of the broader procurement function. Freight Definitions & Terms. What does ARO stand for in Money? Because purchasing is all about volume, you end up paying more since you only need a smaller portion of the pie. Top ARO abbreviation related to Money: Asset Retirement Obligation ... Asset Retirement Obligation Business, Accounting, Insurance. An asset retirement obligation (ARO) is a liability associated with the eventual retirement of a fixed asset. An enterprise-wide, integrated system for managing business processes across multiple disciplines and locations. 'Army Research Office' is one option -- get in to view more @ The Web's largest and most authoritative acronyms and abbreviations resource. 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 Purchasing is the set of functions associated with acquiring the goods and services that an organization requires. This process includes activities like ordering, expediting, receiving, and fulfilling payment. F.O.B. It should be negotiated into all purchases whenever possible. Here are some of the basic terms and a brief definition of each: 1. Every procurement professional should know the meaning of key terminology used throughout procurement documents in order to have better understanding of supply process. Find out what is the full meaning of ARO on Abbreviations.com! The liability is commonly a legal requirement to return a site to its previous condition. Average Rate Option Banking, ... Purchasing … ADDENDUM. F.O.B. 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. Addendum … Destination is the University standard, since it provides the most protection to the department/school and the University. ARO. 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