Purchasing
Process a business or organization uses to acquire goods and services / From Wikipedia, the free encyclopedia
Dear Wikiwand AI, let's keep it short by simply answering these key questions:
Can you list the top facts and stats about Purchase?
Summarize this article for a 10 year old
SHOW ALL QUESTIONS
This article is about acquisition of goods in a corporate context. For other uses, see Purchase (disambiguation).
Purchasing is the procurement 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.
This article needs additional citations for verification. (October 2007) |
Purchasing is part of the wider procurement process, which typically also includes expediting, supplier quality, transportation, and logistics.