Glossary of Key Purchasing and Supply Terms Term of the Day:
FAIR MARKET VALUE
The value of an item as determined by negotiation between purchasers and suppliers, which is acceptable as a basis for a purchase and sale.
The National Association of Purchasing Management has become the Institute for Supply Management™. Please be aware that NAPM.org is now ISM.ws.
Company:
BMO ePurchasing Solutions
Description:
BMO ePurchasing Solutions, a division of BMO® Financial Group (BMO), is one of the top 10 MasterCard commercial card providers in North America. BMO ePurchasing Solutions uniquely offers customizable card applications with innovations in e-procurement service and technology such as BMO FlexPortTM (integrated procurement/file conversion/payment platform), BMO Procure2PayTM (catalog purchasing) and BMO details Online® (data/integration application) to help clients reap the full benefits of end-to-end e-procurement through one source. BMO Financial Group is one of the largest financial services providers in North America. With average assets of $243 billion, BMO provides a broad range of retail banking, wealth management and investment banking products and solutions. BMO serves clients across Canada and in the United States through its Canadian retail arm BMO Bank of Montreal, Chicago-based Harris Bank, a major U.S. mid-west financial services organization which also has wealth management offices and branches across the United States and BMO Nesbitt Burns, one of North America's leading full-service investment firms.
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