Buying, which is commonly referred to as purchasing, is the process of ordering and receiving goods and services. It describes how they will be ordered, which includes request, approval, payment and purchase order record, or P.O., and the receipt of goods. Buying is a subset of procurement, meaning it is a process within procurement.
Buying, which is commonly referred to as purchasing, is the process of ordering and receiving goods and services. It describes how they will be ordered, which includes request, approval, payment and purchase order record, or P.O., and the receipt of goods. Buying is a subset of procurement, meaning it is a process within procurement.