Purchasing

Purchasing refers to a business or organization attempting to acquire goods or services to accomplish the goals of the enterprise. Though there are several organizations that attempt to set standards in the purchasing process, processes can vary greatly between organizations.

Typically the word “purchasing” is not used interchangeably with the word “procurement”, since procurement typically includes Expediting, Supplier Quality, and Traffic and Logistics (T&L) in addition to Purchasing.
Contents
1 Overview
2 Purchasing: Topics
2.1 Acquisition Process
2.2 Selection of Bidders
2.3 Bidding Process
2.4 Commercial Evaluation
2.5 Negotiating
2.6 Selection and Award
3 See also
4 References
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