The data presented in this article reflect that change in military practice regarding purchase card distribution is a major contributor to the observed slowdown.
What does PC stand for?
PC stands for Purchase Card
This definition appears very frequently and is found in the following Acronym Finder categories:
- Military and Government
- Business, finance, etc.
See other definitions of PC
We have 356 other meanings of PC in our Acronym Attic
- Public Citizen
- Public Convenience (UK)
- Pubococcygeus muscle
- Pulsating Current
- Pulse Command
- Pulse Compression
- Pulverized Coal
- Pump, Condensate
- Punched Card
- Punting Center (long snapper on punts; pro football)
- Purchase Contract
- Purple Car (blog)
- Pussy Cat
- Pyrates Confraternity (student association; est. 1952)
- Pyruvate Carboxylase
- Personal Computer Disk Operating System (IBM)
- IBM Personal Computer Educational Technology
- Personnel Concept III (USAF Personnel MIS)
- Power Commander 3 (motorcycles ignition timing and fuel metering adjustment device)
- Protein Calorie Percent
Samples in periodicals archive:
GAO-08-333 March 14, 2008 Over the past several years, GAO has issued numerous reports and testimonies on internal control breakdowns in certain individual agencies' purchase card programs.
OFFICE OF THE UNDER SECRETARY OF DEFENSE 3000 DEFENSE PENTAGON WASHINGTON, DC 20301-3000 DEC 08 2005 MEMORANDUM FOR SECRETARIES OF THE MILITARY DEPARTMENTS ATTN: ACQUISITION EXECUTIVES DIRECTORS OF THE DEFENSE AGENCIES SUBJECT: Internal Controls for the Purchase Card Program Over the past eighteen months, a working group consisting of representatives from the Comptroller, Acquisition, Inspector General, and Military Department audit communities developed a portfolio of internal controls which are appropriate to safeguard Government resources and manage risk associated with the use of the Government Purchase Card within the Department.
Once an order has been placed, the customer provides her purchase card number to the supplier.
The Navy allows local commands to set policies and procedures for purchase card use.
Meanwhile, the purchase card organization -- not the individual vendor -- e-mails an electronic (not paper) invoice directly to the company's accounting department, citing the item, the purchase amount, the name of the employee, the account the funds should be drawn from -- and posts all the information electronically.
GAO, working with DHS OIG, interviewed DHS personnel and reviewed purchase card policies and procedures to assess the control environment.