Purchase Event
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A Purchase Event is a financial event that involves a liquid asset transfer for a good or service provision.
- AKA: Purchasing.
- See: Choice, Customer, Product, Price, Contract, Purchase Decision, Purchase Order, Good (Economics), Service (Economics), Procurement.
References
2015
- (Wikipedia, 2015) ⇒ http://en.wikipedia.org/wiki/Purchasing Retrieved:2015-12-17.
- Purchasing refers to a business or organization attempting to acquire goods or services to accomplish the goals of its enterprise. Though there are several organizations that attempt to set standards in the purchasing process, processes can vary greatly between organizations. Typically the word “purchasing” is not used interchangeably with the word “procurement”, since procurement typically includes expediting, supplier quality, and transportation and logistics (T&L) in addition to purchasing.