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Meaning of purchasing management

Source language: EnglishDictionary language: English

purchasing

verb

Definitions

  1. To buy, obtain by payment of a price in money or its equivalent.

    Example: to purchase land, to purchase a house

  2. To pursue and obtain; to acquire by seeking; to gain, obtain, or acquire.

  3. To obtain by any outlay, as of labor, danger, or sacrifice, etc.

    Example: to purchase favor with flattery

  4. To expiate by a fine or forfeit.

noun

Definitions

  1. An act or process of making a purchase.

  2. A complex, organized process in large organizations for obtaining goods that may include identification of requirements, approvals, supplier management, negotiation, receipt of goods, and payment.

  3. A part of an organization that manages such processes