Forward purchasing Forward purchasing is a policy of purchasing relatively large quantities to fill needs over longer periods of time.
Contract purchasing Contract purchasing is the company negotiates with the supplier (perhaps after soliciting bids) a contract that defines prices, delivery dates, and other conditions of sale.
Bid purchasing Bid purchasing is a policy of requesting bids from several vendors and selecting the most attractive one.
Anticipatory purchasing Anticipatory purchasing is a purchasing agent stockpiles an extremely large supply, well in advance of need, anticipating future problems.
Relative form of purchasing power parity Relative form of purchasing power parity— theory stating that the rate of change in the prices of products should be somewhat similar ...
Purchasing power parity (PPP) line Purchasing power parity (PPP) line is a diagonal line on a graph that reflects points at which the inflation differential between two countries is equal ...
Absolute form of purchasing power parity Absolute form of purchasing power parity is a theory that explains how inflation differentials affect exchange rates. It suggests that prices of two ...
Theory of purchasing power parity (PPP) Theory of purchasing power parity (PPP) is the theory that exchange rates between any two currencies will adjust to reflect changes in the price levels of the two countries.
Purchasing Power Parity Purchasing Power Parity is the concept that homogeneous goods cannot have more than one price measured in any one currency. If
Purchasing officers Purchasing officers refer to that personnel who perform a role similar to that of brokers or agents but are part of the buyer’s organization.