• Purchasing is the process of purchasing goods or services, usually associated with business expenses.

  • Purchasing for business requires the preparation, request and processing of payments, which usually involves several departments of the company.
  • Purchasing costs can fall into several different categories depending on the demand for purchasing.
  • Competitive bidding is usually part of most large-scale procurement processes involving multiple bidders.
  • The strategic procurement process is different from procurement, which is transactional.