Purchasing is the practice of purchasing goods and services. Sounds obvious, but it can get confused with other areas of procurement. To be more specific, purchasing … See more

The difference between purchasing and procurementis that purchasing is actually just … See more

The purchasing process is the steps a company goes through when purchasing goods and services. When looked at as a whole, the purchasing process is better described a… See more

The steps in the purchasing process are a cycle, with each step requiring information to be exchanged and either internal or external approval to move forward. Every business wi… See more