The-definition.com

Definition

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.

Share it:  Cite

More from this Section

  • Consultant
    Consultant is an individual who gives professional or expert advice. Consultants fall ...
  • Mature Industry
    A mature industry is an industry that is experiencing slow or no increase in demand, has ...
  • Line of Credit
    Line of credit is a common type of loan in which a borrowing “cap” is established ...
  • Franchise agreement
    The franchise agreement, or contract, is the document that consummates the sale of a franchise. ...
  • Day-in-the Life Research
    Day-in-the life research refers to a form of anthropological research used by companies ...