What does the acronym GPC stand for?

The acronym GPC stands for Governmentwide Commercial Purchase Card. This term specifically refers to the purchase card program established by the federal government for authorized individuals to procure goods and services in a streamlined and efficient manner. The Governmentwide Commercial Purchase Card is designed to simplify the procurement process, reduce paperwork, and provide a convenient method for making small purchases, thereby supporting the operational needs of various government agencies.

Understanding the full meaning of GPC helps to grasp the significance of this tool in federal procurement practices. It indicates that the card is widely used across government agencies, as opposed to being limited to a specific department or function, highlighting its integral role in the federal buying system. This clarity reinforces the card's intended purpose and the policies surrounding its use.