Purchasing
Purchasing
Glossary of business
Definition of purchasing
Purchasing is the buying of any raw materials, parts or equipment that are needed by the firm. In some firm this function may be carried out by each individual department, but many firms will centralise this function and have a dedicated department responsible for all purchasing. This approach will often allow the firm to negotiate better rates with suppliers and therefore offer the possibility of economies of scale.
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Terminology about business
Job world
Definition and meaning of purchasing
Meaning of purchasing
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