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1. Dictionary

   purchase

   /ˈpəːtʃɪs/

   verb

   • 1. acquire (something) by paying for it; buy: "Mr Gill spotted the manuscript at a local auction and purchased it for £1,500"
   • ▪ obtain or achieve with effort or suffering: archaic "the victory was purchased by the death of Rhiwallon"
   • 2. haul up (a rope, cable, or anchor) by means of a pulley or lever.

   noun

   • 1. the action of buying something: "the large number of videos currently available for purchase"
   • ▪ a thing that has been bought: "she stowed her purchases in the car"
   • ▪ the acquisition of property by one's personal action rather than by inheritance. Similar acquisitioninvestmentbuyorderdealbargainpropertyassetpossessionholdingshoppinggoodsOpposite sale
   • ▪ the annual rent or return from land: archaic "a lease valued at seven year's purchase"
   • 2. firm contact or grip: "the horse's hooves fought for purchase on the slippery pavement" Similar gripfirm contactattachmentholdfootholdfootingtoeholdfingerholdanchoragesupportgraspresistancefrictionleverageadvantage
   • ▪ a pulley or similar device for moving heavy objects.

   Word Origin Middle English: from Old French pourchacier ‘seek to obtain or bring about’, the earliest sense also in English, which soon gave rise to the senses ‘gain’ (hence, in nautical use, the notion of ‘gaining’ one portion of rope after another) and ‘buy’.

   Derivatives

   • 1. purchasable adjective

   Scrabble Points: 15

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2. www.procurify.com › blog › procurement-vs-purchasingProcurement vs Purchasing: What's the Difference? - Procurify

   www.procurify.com › blog › procurement-vs-purchasing

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   Jun 26, 2024 · Procurement, on the other hand, is the process of sourcing and purchasing the goods and services a company needs to fulfill its business objectives, usually from an external source, like a third-party vendor or supplier. An effective procurement strategy can do many things.

3. planergy.com › blog › purchasing-processPurchasing Process: Definition, Steps, and Best Practices

   planergy.com › blog › purchasing-process

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   Jul 11, 2024 · 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 is part of the procurement process that involves making the actual purchase.

4. kissflow.com › procurement › procurement-vs-purchasingProcurement vs. Purchasing: What’s the Difference? - Kissflow

   kissflow.com › procurement › procurement-vs-purchasing

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   Jul 8, 2024 · Purchasing focuses on short-term goals such as fulfilling the five rights in a transaction (right quality, right quantity, right cost, right time, and right place), whereas procurement focuses on strategic, long-term goals like gaining a competitive advantage or aligning itself with corporate strategy or goals.

5. www.investopedia.com › terms › pWhat Is Procurement? - Investopedia

   www.investopedia.com › terms › p

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   Jun 30, 2024 · Procurement is the process of purchasing goods or services, usually in reference to business spending. Business procurement requires preparation, solicitation, and payment processing,...

6. www.investopedia.com › terms › hHire Purchase Agreements: Definition, How They Work, Pros and...

   www.investopedia.com › terms › h

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   Jun 24, 2024 · What Is a Hire Purchase Agreement? The term hire purchase refers to an arrangement for buying expensive goods.

7. productiv.com › blog › procurement-vs-purchasingProcurement vs. purchasing: Key differences and top tips to know

   productiv.com › blog › procurement-vs-purchasing

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   Jun 24, 2024 · Purchasing refers to the transactional activities involved in acquiring goods and services. It’s the day-to-day process of buying what your company needs, ensuring you get the right quantity, quality, at the right price, delivered at the right time, to the right location.

8. kissflow.com › procurement › purchase-orderPurchase Order: Meaning, Types, Examples, Benefits - Kissflow

   kissflow.com › procurement › purchase-order

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   Jul 9, 2024 · A purchase order (sometimes known as a PO) is a document prepared by a buyer outlining the items they are looking to purchase from a supplier.

9. uk.indeed.com › career-advice › career-developmentProcurement vs purchasing: definitions and differences - Indeed

   uk.indeed.com › career-advice › career-development

   Jul 1, 2024 · What is purchasing? Purchasing is part of the procurement process and specifically encompasses the transaction between a vendor and the organisation. This involves several main components, including purchase requisitions, purchase orders, payments, invoices, receiving the goods and checking the quality of these items.

10. www.procurify.com › blog › purchasing-process-all-you-need-to-knowPurchasing Process: Everything you need to know - Procurify

    www.procurify.com › blog › purchasing-process-all-you-need-to-know

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    Jun 26, 2024 · Effective purchase processes can help you reduce supply expenses, build strategic relationships with suppliers, prevent fraud, and offer priceless opportunities to collaborate and innovate. In this article, you will learn what a purchasing process is and three best practices you can apply to your business.

11. dictionary.cambridge.org › us › thesaurusPURCHASING - 11 Synonyms and Antonyms - Cambridge English

    dictionary.cambridge.org › us › thesaurus

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    Jul 10, 2024 · noun. These are words and phrases related to purchasing. Click on any word or phrase to go to its thesaurus page. PATRONAGE. Synonyms. patronage. business. trade. buying. commerce. custom. dealing. clientele. customers. patrons. clients.