Purchasing and Supply

Purchasing and Supply

Purchasing and Supply can have several different definitions. According to the Institute for Supply Management (ISM) [http://www.ism.ws] , purchasing is defined as a major function of an organization that is responsible for acquisition of required materials, services, and equipment.


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  • Chartered Institute of Purchasing and Supply — The Chartered Institute of Purchasing and Supply (CIPS) is a UK based international organisation working for the purchasing and supply professions. It promotes good practice and provides services for the benefit of members and the wider business… …   Wikipedia

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  • purchasing and supply management — See supply chain management …   Big dictionary of business and management

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  • Purchasing — refers to a business or organization attempting to acquire goods or services to accomplish the goals of the enterprise. Though there are several organizations that attempt to set standards in the purchasing process, processes can vary greatly… …   Wikipedia

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