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purchasing

[ˈpɜːtʃəsɪŋ]

purchasing Definition

  • 1the act of buying something
  • 2the department or function responsible for buying goods or services for a company or organization

Using purchasing: Examples

Take a moment to familiarize yourself with how "purchasing" can be used in various situations through the following examples!

  • Example

    The purchasing of new equipment was necessary for the project to continue.

  • Example

    She works in the purchasing department of a large corporation.

purchasing Synonyms and Antonyms

Phrases with purchasing

  • the amount of goods or services that can be purchased with a unit of currency

    Example

    The increase in minimum wage has given workers more purchasing power.

  • a person who is authorized to make purchases on behalf of a company or organization

    Example

    The purchasing agent negotiated a better deal with the supplier.

  • a person who oversees the purchasing department of a company or organization

    Example

    The purchasing manager is responsible for ensuring that the company gets the best deals on supplies and materials.

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Summary: purchasing in Brief

The term 'purchasing' [ˈpɜːtʃəsɪŋ] refers to the act of buying something, or the department responsible for buying goods or services for a company. It is often used in business contexts, such as 'She works in the purchasing department of a large corporation.' 'Purchasing' extends into phrases like 'purchasing power,' which denotes the amount of goods or services that can be purchased with a unit of currency.