What is purchasing define ?

Question

Accepted Answer

Purchasing is the process of acquiring goods or services for an organization.

Purchasing involves identifying the needs of the organization and finding suitable suppliers.
It includes negotiating prices, terms, and conditions with suppliers.
Purchasing also involves placing orders, tracking deliveries, and ensuring timely receipt of goods or services.
It requires evaluating supplier performance and maintaining good relationships with suppliers.
Purchasing plays a crucial role in cost control, quality management, and overall supply chain management.
For example, a purchase engineer may be responsible for sourcing raw materials for manufacturing or procuring equipment for a construction project.

Accepted Answer

Purchase or supply of any goods or material,selling or otherwise...

Popular interview questions of Purchase Engineer, Purchase Management