1. Character Quotes
  2. purchasing vs sourcing

different between purchasing vs sourcing

purchasing

English

Verb

purchasing

  1. present participle of purchase

Noun

purchasing (countable and uncountable, plural purchasings)

  1. An act or process of making a purchase.
    • 1936, James Arthur Fulton, Our economic nationalism: its purpose and importance (page 84)
      As our exports and imports are now nearly in balance, it is assumed that such bargaining, if agreed to, would induce the debtor nations to greatly increase their purchasings from us […]
  2. (business, government) A complex, organized process in large organizations for obtaining goods that may include identification of requirements, approvals, supplier management, negotiation, receipt of goods, and payment.
  3. A part of an organization that manages such processes

Translations

Synonyms

  • (complex process): procurement

Holonyms

  • (act or making a purchase): procurement

Further reading

  • purchasing at OneLook Dictionary Search

purchasing From the web:

  • what purchasing power
  • what purchasing power parity
  • what purchasing power means
  • what purchasing manager do
  • what purchasing software are you familiar with
  • what purchasing means
  • what purchasing department do
  • what purchasing facilitates inspection of goods

sourcing

English

Pronunciation

  • IPA(key): /?s??s??/
  • Rhymes: -??(?)s??

Verb

sourcing

  1. present participle of source

Noun

sourcing (countable and uncountable, plural sourcings)

  1. The process by which something is sourced, or obtained from another place.
  2. (chiefly US) The supply of resources needed by a business process.

Derived terms

  • insourcing
  • outsourcing

Anagrams

  • coursing, scouring

sourcing From the web:

  • what sourcing means
  • what sourcing specialist
  • what sourcing do
  • what's sourcing manager
  • what sourcing involves
  • what sourcing definition
  • what sourcing decision
  • (sourcing) what was the purpose of this speech
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