Definition, Meaning & Synonyms
purchasing
verb/noun
/ˈpərtʃəsɪŋ/
Definition
The act of buying or acquiring goods and services.
Examples
- Companies often rely on bulk purchasing to save costs on supplies.
- The purchasing department is responsible for acquiring new equipment.
- She enjoys purchasing vintage items from thrift stores.
Meaning
Purchasing refers to the process of obtaining items, typically in exchange for money. It involves selecting the product or service, negotiating terms, and completing the transaction.
Synonyms
- buying
- acquisition
- procurement
- shopping
