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Purchasing

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

📖 Definitions of "Purchasing"

verb
  1. 1

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

    "to purchase land, to purchase a house"

  2. 2

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

  3. 3

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

    "to purchase favor with flattery"

  4. 4

    To expiate by a fine or forfeit.

noun
  1. 1

    An act or process of making a purchase.

  2. 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. 3

    A part of an organization that manages such processes

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