purchasing

n. act of buying, act of purchasing in exchange for money; act of obtaining, act of procuring

v. buy, acquire in exchange for money; procure, obtain

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.
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Noun
1. the act of buying; "buying and selling fill their days"; "shrewd purchasing requires considerable knowledge"
(synonym) buying
(hypernym) purchase
(hyponym) shopping
(derivation) buy, purchase

Noun
1. the acquisition of something for payment; "they closed the purchase with a handshake"
(hypernym) acquisition
(hyponym) redemption, repurchase, buyback
(derivation) buy
2. something acquired by purchase
(hypernym) acquisition
(hyponym) stock buyback
(derivation) buy
3. a means of exerting influence or gaining advantage; "he could get no purchase on the situation"
(hypernym) influence
4. the mechanical advantage gained by being in a position to use a lever
(synonym) leverage
(hypernym) mechanical phenomenon
Verb
1. obtain by purchase; acquire by means of a financial transaction; "The family purchased a new car"; "The conglomerate acquired a new company"; "She buys for the big department store"
(synonym) buy
(hypernym) get, acquire
(hyponym) buy back, repurchase
(entail) pay
(verb-group) buy
(classification) commerce, commercialism, mercantilism

(p. pr. & vb. n.)
of Purchase
  

the process for acquiring materials. Usually broken down into a chain of specialist functions.