# purchasing

Pronunciation: say "PUR-chuhs-ing" US /ˈpɝ.t͡ʃəs.ɪŋ/, UK /ˈpɜː(ɹ).t͡ʃəs.ɪŋ/

## Verb

1. Present participle and gerund of purchase. — present participle and gerund of purchase
   - Simple: Present participle and gerund of purchase. Use this form for buying happening now or for the activity of buying itself.
   - _The company is purchasing new equipment for the lab._
   - _Purchasing in bulk reduced their monthly costs._

## Noun

2. The action or process by which someone buys goods or services.
   - Simple: The act of buying something with money.
   - _Centralized purchasing helped the chain negotiate lower prices._
   - _The purchasing of raw materials accounts for most of the factory's expenses._
3. The organized, multi-step process large organizations use to obtain goods, covering identifying needs, approvals, supplier management, negotiation, receipt of goods, and payment.
   - Simple: The organized way a large company or government buys the things it needs.
   - _Their purchasing involves multiple approval steps before any supplier is paid._
   - _Streamlining purchasing across departments cut the agency's costs significantly._
4. The department within an organization responsible for managing how goods and services are bought.
   - Simple: The team in a company whose job is buying the goods it needs.
   - _Purchasing rejected the supplier's bid as too expensive._
   - _After college she joined the company's purchasing as an assistant buyer._

Source: DictionaryAI, https://dictionaryai.com/define/purchasing (written from Wiktionary data, CC BY-SA 4.0: https://creativecommons.org/licenses/by-sa/4.0/).