Purchasing
Purchasing is the process a business or organization uses to acquire goods or services to accomplish its goals. Although there are several organizations that attempt to set standards in the purchasing process, processes can vary greatly between organizations.
Read Full Wiki Quick Answer: Purchasing is the process a business or organization uses to acquire goods or services to accomplish its goals. Although there are several organizations that attempt to set standards in the purchasing process, processes can vary greatly between organizations. Purchasing is part of the wider procurement process, which typically also includes expediting, supplier quality, transportation, and logistics. Purchasing managers/directors, procurement managers/directors, or staff based in an organization's purchasing office, guide the organization's acquisition procedures and standards and operational purchasing activities.
DEFINITIONS
- verbTo buy, obtain by payment of a price in money or its equivalent.
- verbTo pursue and obtain; to acquire by seeking; to gain, obtain, or acquire.
- nounAn act or process of making a purchase.
- nounA complex, organized process in large organizations for obtaining goods that may include identification of requirements, approvals, supplier management, negotiation, receipt of goods, and payment.
Media & Art
Grand Prize Louisiana Purchase Exposition medal
Louisiana Purchase Exposition commemorative medal
Neuberger Museum, SUNY College at Purchase Poster
