The act or process of buying goods or services. noun
The company's purchasing department is responsible for acquiring all necessary supplies.
Purchasing in bulk can often lead to significant cost savings.
The activity of acquiring goods or services to accomplish the goals of an organization. noun
She works in purchasing and is responsible for negotiating contracts with suppliers.
Effective purchasing strategies can improve a company's profitability.
The present participle form of the verb 'purchase', which means to acquire something by paying for it. verb
He is purchasing a new car this weekend.
They are purchasing equipment for the new office.