Non-Resale/Realty Procurement Services (RPS): RPS includes all goods not for resale (e.g. equipment, fixtures, construction materials, janitorial supplies, etc.) for Walmart stores and Sam's Clubs.Apr 2, 2017
What does GNFR mean?
Goods Not For Resale
What does goods not for resale mean?
GNFR (goods not for resale) is, like the name suggests, any goods that a business may use that aren't then sold on as a product. For sake of example, wall signs, air conditioning, store furnishings and marketing materials are all GNFR.
What is GFR and GNFR?
GFR, or goods for resale, refers to any purchase or direct labor going into the production of a product that will be sold to the customer. GNFR, or goods not for resale, encompasses purchases that are essential to a company's day-to-day operations but don't directly contribute to the company's revenue.
What you mean by procurement?
Procurement involves every activity involved in obtaining the goods and services a company needs to support its daily operations, including sourcing, negotiating terms, purchasing items, receiving and inspecting goods as necessary and keeping records of all the steps in the process.