What do the acronyms OMR, QPL, RFB and UCC all have in common? These are common procurement terms used in the public sector. You’ll need to know these terms and many others to understand the purchasing process of federal and state governments and education.
To learn the 175 most common procurement terms, go here. This is a valuable resource for you as you deal with the complicated process of selling into the public sector.
Editor’s Note: This article was originally published in September 2016 and has been updated for accuracy and comprehensiveness.