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purchasing
This term is primarily used in professional, corporate, or economic registers. When used as a noun to describe the business function, it refers to the strategic process of procurement rather than the simple act of buying a single item. It carries a connotation of systemic management, budgeting, and supply chain logistics.
In its adjective form, it typically modifies nouns related to finance or administration, such as "purchasing agent" or "purchasing department." The term "purchasing power" is a specific economic concept referring to the value of a currency expressed in terms of the amount of goods or services that one unit of money can buy.
Meanings
Examples
The company is restructuring its purchasing department to reduce costs.
The company is restructuring its purchasing department to reduce costs.
I need to check my purchasing power before I commit to this investment.
Where is the purchasing form for the new office equipment?
She works in purchasing and manages all the vendor contracts.
The purchasing process for government contracts is incredibly slow.
The purchasing process for government contracts is incredibly slow.
I am just purchasing a few souvenirs for my family.
The store has a strict purchasing policy regarding returns.
He spent the whole afternoon purchasing rare books at the auction.