The functions associated with buying the goods and services the firm requires.

Buying. Typically, a carefully administered and controlled process for the acquisition of goods and service at the best possible price to meet the needs of a project. [D03209]

Purchasing describes all those transactional processes concerned with acquiring goods and services, including payment of invoices.  It is a narrower term than procurement, describing reactive, tactica [..]

The functions associated with buying the goods and services the firm requires.

Purchasing is the act of buying the goods and services that a company needs to operate and/or manufacture products. Given that the purchasing department of an average company spends an estimated 50 to [..]

A shared service which combines the purchasing Power of individual Organizations or facilities in order to obtain lower prices for Equipment and Supplies. (From Health Care Terms, 2nd ed)

The price prevailing in the market, reflecting the normal forces of demand and supply.

A material made available by a customer to a subcontractor to enable the latter to execute an order placed with him by the customer.

The summation of the scheduled quantities for a scheduling agreement item within a time period to arrive at a total quantity for each period.

A material supplied by different manufacturers or vendors who can use different manufacturer part numbers to identify it.

The process of finding sources of supply for a material or group of materials.

the activity of buying things, especially for a company the company's purchasing managerCheck pronunciation: purchasing

A generic term used to describe a title, a function, or a process by which a firm acquires the factors necessary to produce and distribute goods and services.

Definition The acquiring of a product or service by buying it or paying for it. Also called buying.

Also known as: Achat

Obtaining a mortgage loan for the acquisition of a property, usually a home.

(n) the act of buying

Hospital Department responsible for the purchasing of Supplies and Equipment.

Purchasers are provided information on the Quality of Health Care, including Patient outcomes and Health Status, with data on the dollar outlays going towards Health. The focus is on managing the use [..]

Hospital department responsible for the purchasing of supplies and equipment.

The term purchasing, in the context of business administration, refers to the operative tasks required for supplying a company with goods and services that are necessary for the production process and that cannot be produced by the company itself.

A condition for which a validity period and a scale are defined.

In the vendor evaluation system, a component of a main criterion.

A key indicating whether an item is to be assigned to an auxiliary account (such as a cost center).

A list in which MPN materials are assigned to a firm's own materials taking into account the manufacturer, the plant, a validity period, the revision level, and any reasons for blocking the use o [..]

A calendar specifying the validity periods of rebate arrangements and their planned settlement dates.

A code or number used by a manufacturer or vendor to identify a material or part.

The manufacturer part profile specifies how manufacturer parts (MPN materials) can be used in the procurement process.

Either a plant belonging to a manufacturer or a manufacturer's manufacturer (that is, a sub-manufacturer).

Past quantities scheduled for delivery of which the vendor has been notified through a scheduling agreement release but of which delivery has not yet taken place.

Reconciliation of the business volume figures recorded by a customer and a vendor relating to a certain period of time.

A summary of key vendor and material data that provides a buyer with information for use in contract negotiations. The data provided can include:

A material that is invoiced.

A purchasing info record for a chargeable component.

A number that can be used to group together all RFQs issued to potential bidders, or the quotations received from bidders, for a proposed procurement of goods or services.

A purchase requisition covering several materials that are needed at the same time.

Distinguishes between chargeable and nonchargeable subcontracting components.

Key specifying whether a shipping notification is expected for the purchase order item.

A change to data carried out not directly by a user but automatically by the system as a result of another change made elsewhere.

A request by an enterprise (the ultimate purchaser) to a consignment vendor to replenish stocks of material held in consignment stores by supplying the stipulated quantity.

An offset method whereby you offset an invoice for chargeable components agasint a deductible account payable for the same components.

A form of longer-term purchase agreement against which materials or services are released (ordered, or called off) according to need over a certain predefined period.

A comparative listing of bidders' prices for all items that are the subject of a bid invitation, in matrix form.

A series of prices charged or quoted by a vendor for a material or service over a certain period up to the present.

In vendor evaluation, a subcriterion of the main criterion "price".

The unit to which the valuation price in the material master record relates.

A scale indicating which price applies to which quantity purchased.

A condition for which no validity period and no scale can be defined.

Change affecting a purchase requisition or a requisition item subsequent to:

A revised output version of an already printed or transmitted purchasing document, created due to changes made to the document.

A vendor (external supplier) who is one step back in the supply chain from the source from which a material is procured.

A form of procurement in which Purchasing agrees conditions directly with the manufacturer but the material is supplied by other vendors called "brokers."

The quantity of a purchase order item that is to be delivered.

A term for a collective customer master record used for processing transactions with customers with whom you do not regularly do business.

A term for a collective vendor master record used for processing transactions with vendors with whom you do not regularly do business.

The sum of all open purchase order quantities for a material.

A request or instruction from a purchasing organization to a vendor (external supplier) or a plant to deliver a quantity of material or to perform services at a certain point in time.

A business option......

Details of deliveries effected or invoices received in respect of a purchase order item.

A faulty or incomplete purchase order, stored in the SAP System using the "Hold" function.

Controls how you offset your invoices for chargeable components against the subcontractor's deductible accounts payable.

In the percentage-based offset method, the percentage of invoices for chargeable components that is not offset against the deductible accounts payable.

Goods receipt quantity in the purchase order price unit.

In an invoice, the variance between the invoiced quantity in the purchase order price unit and the goods receipt quantity posted, although the invoiced quantity in the order unit is the same as the GR [..]

An alternative unit of measure that can be used for ordering purposes.

A request or instruction to Purchasing to procure a quantity of a material or service so that it is available at a certain point in time.

An instrument used by the purchasing department to procure materials or services.

An identifier for classifying purchasing documents.

A timescale for the successive delivery of parts of the total quantity of a material included as an item of a purchasing document (such as a purchase requisition, purchase order, or scheduling agreeme [..]

Identifier allowing differentiation between various forms of a document category.

A key for a buyer or group of buyers responsible for certain purchasing activities.

A source of information for the procurement of a certain material from a certain vendor.

An organizational unit in Logistics, subdividing an enterprise according to the requirements of Purchasing.

Information on the volume of business with a vendor, order values, and delivery data with regard to a material supplied or a service performed over a period.

A key defining the valid reminder days and tolerance limits applicable to this material for the purchasing department.

A longer-term purchasing arrangement, under the terms of which the purchase of a quantity of goods or services is agreed.

A mechanism enabling the system to compute which source of supply to assign to a requirement for a material.

A quantity that exerts a control function when a new source of supply is included in an already existing quota arrangement.

The total quantity from all requisitions, purchase orders, contract release orders, and scheduling agreement schedule lines assigned to a source of supply.

A series of prices quoted by a vendor for a material or service over a certain period up to the present.

An agreement between business partners governing the payment of rebates subject to certain conditions over a certain time-frame.

A purchasing organization whose conditions or contracts other purchasing organizations linked to it may access and use.

A vendor that is a source of supply of a material at client level. That is to say, this vendor supplies an entire corporate group.

A communication addressed to an external supplier informing the latter that a quotation (bid) submitted by him has not been accepted.

A two-character identifier with which a person responsible for processing a document can release (approve) an item of a purchase requisition, a complete purchase requisition, or a complete external pu [..]

A determinant of whether and how (that is, with which release strategy) a purchasing document must be approved.

The time interval between two successive releases against a scheduling agreement. This interval is defined in the creation profile of a scheduling agreement item.

An instrument used to determine the period in which releases (types of delivery schedule) are generated against a scheduling agreement and transmitted to the vendor.

A log relating to an item of an outline purchase agreement (contract or scheduling agreement), giving information on existing releases.

The point in time up to which schedule lines can be transmitted to the vendor in the current SA release.

An indicator showing the release (approval) status of a purchasing document.

A person, department, or other organizational unit of an enterprise that must release (that is, approve) the items of a purchase requisition or a complete external purchasing document (such as a purch [..]

A requirement that has to be satisfied before a purchasing document can be released.

A procedure by which one or more authorized persons (e.g. a cost center manager) give(s) the go-ahead or "green light" to procure a material or external service.

A plan defining the release codes with which a purchase requisition item, a complete purchase requisition, or a complete external purchasing document must be released (that is, approved) and the seque [..]

The weight of goods excluding all packaging.

Price after taking all vendor surcharges and discounts into account.

A request from a purchasing organization to a vendor to submit a quotation for the supply of materials or provision of services.

A request from a purchasing organization to a vendor (external supplier) to submit a quotation for the supply of materials or the performance of services.

An umbrella term covering purchase both requisitions (PReqs) and reservations.

In a reservation, the date on which the requested material is due to be withdrawn from the warehouse or stores.

A number that enables you to monitor the procurement of required materials or services.

The following schedule line types are possible in delivery schedules created under scheduling agreements: backlog, immediate requirement, and forecast.

Timescale for the successive delivery of parts of the total quantity of a material included as an item of a scheduling agreement (a form of "outline agreement" or longer-term purchasing arra [..]

A line of a time schedule for the successive delivery of parts of the total quantity of a material included as an item of a scheduling agreement (a form of "outline agreement," or long-term [..]

A document used by a customer to request (or indicate his intention to request) delivery by the vendor of part of the total quantity of materials stipulated in a scheduling agreement.

A line in the delivery schedule of a scheduling agreement release that is transmitted to the vendor.

The greenhouse gases produced in your company by activities such as burning fossil fuels like coal.

The greenhouse gases resulting from purchased energy during the consumption of electricity, heat, or steam by your company that are owned by another entity.

The greenhouse gases created as a result of the activities of your company but controlled by another entity.

The result of the computation of performance data in respect of main or subcriteria for vendor evaluation purposes.

In vendor evaluation, a way of determining scores for subcriteria.

A scale ranging from the lowest to the highest score a vendor can attain.

A calendar in which validity periods for conditions and planned settlement dates are stored.

The instructions issued to a vendor regarding the shipment or packing of ordered goods.

Part of a goods receipt quantity that manifests quality defects during production on the shopfloor and which is the subject of complaint and/ or is rejected for this reason.

The procurement of a material from just one vendor (due to a technological advantage this vendor has over vendors, for example).

A value enabling the user to determine the extent to which a current (new) value used in a calculation influences the result.

The procurement of a material from just one vendor because the latter has a monopoly of the market.

A list of available sources of supply for a material, indicating the periods during which procurement from such sources is possible.

A procurement option for a material.

A material master record containing the manufacturer part number (MPN) and the manufacturer number, which is assigned to one of your firm's own materials.

A purchase order issued to a vendor with the instruction to supply the materials to (or perform the services for) a third party.

An instruction to a supplier (subcontractor) to manufacture an ordered part, material or assembly using specified "materials to be provided" (free-issue materials).

A request by a subcontractor to a customer for the customer to make available material required for the execution of an order that the customer placed with the subcontractor.

A series of purchase prices charged by a vendor for a material or service over a certain period up to the present.

A unit of measure enabling Purchasing to order a material in a unit that differs from the base unit defined for the material.

A company that commissions a subcontractor to do some work for it.

A two-character identifier with which a person responsible for processing a document can release (approve) an item of a purchase requisition, a complete purchase requisition, or a complete external pu [..]

A longer-term arrangement between a purchasing organization and a vendor for the supply of materials or provision of services over a certain period based on predefined terms and conditions.

A document used to request from the vendor part of the total quantity or value of goods or services stipulated in an outline agreement.

A procedure in which a document (for example, a purchase order or requisition) is approved in total for issue or conversion into a follow-on document.

In vendor evaluation, the score that expresses a vendor's general rating.

An offset method used for subcontractors that are not covered by the Subcontracting (Shitauke) Act. Invoices for chargeable components are not offset against the deductible accounts payable. All invoi [..]

An offset method whereby you pay the deductible payables, minus (a) all of the invoices for chargeable components carried forward from the last payment run and (b) a percentage of the invoices for cha [..]

An organization responsible for purchasing activities for a number of company codes.

The total accumulated quantity of all delivery schedule lines for an item of a scheduling agreement over a period up to a certain date.

The amount charged by a subcontractor for the chargeable components that it has consumed.

A line of a time schedule for the successive delivery of parts of the total quantity of a material included as an item of a purchasing document (such as a purchase requisition, purchase order, or sche [..]

A purchase requisition for items that are procured directly for a planned order or production order (that is, items that are not stocked).

A set of items in a purchasing document that enter the same approval process.

A price calculated taking all pricing conditions into account (for example, taxes, delivery costs, discounts, or miscellaneous provisions).

The recovery and safe disposal of a product, usually obsolete electrical and electronic equipment, by the manufacturer in order to reduce the amount sent to landfill and to encourage reuse and recycli [..]

A contract negotiated by a purchasing organization for an entire corporate group (represented by a "client" in the SAP system).

Characteristic that is to be rated within the context of vendor evaluation.

In the vendor evaluation system, the data record in which the evaluation of a vendor is stored.

A quantity that is required immediately of which the vendor has not yet been notified by means of a scheduling agreement release.

A source outside an enterprise's organization that supplies materials or services in return for payment.

A supplementary condition, effective within a certain period of time covered by a main (principal) condition.

The determination of the final balance due with respect to an end-of-period rebate arrangement at the end of the validity period of that arrangement as a basis for payment thereof.

A delivery schedule time zone, defined in a scheduling agreement, determining the degree to which schedule lines represent binding orders, or commitments to purchase.

A time zone of a delivery schedule defined in a scheduling agreement consisting of two sub-zones that determine the degree to which individual lines of the schedule represent binding orders, or commit [..]

A quantity of a material that is required in the future, irrespective of whether this requirement has previously been transmitted to the vendor.

An instrument used by a customer to inform a vendor which quantities of a material are to be delivered against an item of a scheduling agreement at which points in time.

A time interval indicating which schedule lines form the basis for aggregation when forecast delivery schedules are generated against a scheduling agreement.

A purchasing document used to procure materials or external services.

An instrument that controls which purchasing functions an employee can perform.

A function for saving incomplete or incorrect purchase orders.

A type of scheduling agreement (SA) release.

A declaration conveying statistical information on an enterprise relating to the latter's import and export transactions within the European Union.

A principal condition agreed with the "condition granter."

In the vendor evaluation system, the basis for determining a vendor's overall score.

A listing of dates on which invoices for purchase order items covering materials or services are to be entered and subsequently paid.

An identifier indicating the characteristics of an item.

A procedure in which the items of a purchase requisition are approved individually for conversion into follow-on documents.

An instrument used by a customer to inform a vendor which quantities of a material represented by an item of a scheduling agreement must be delivered at which time.

A time interval indicating which schedule lines are to be taken as the basis for aggregation when JIT delivery schedules are generated against a scheduling agreement.

Settlement accounting with regard to a rebate arrangement before expiration of the validity period of the arrangement.

The second of three delivery schedule time zones defined in a scheduling agreement.

In the vendor evaluation system, a subcriterion of the main criterion "Delivery".

A purchase order created from within a network and assigned to a project or sales order independently of the bill of material.

An organization responsible for purchasing activities for a plant.

The sum of the individual quantities of a material procured (released or called off) against an item of a scheduling agreement up to a certain point in time.

A wo-character identifier with which a person responsible for processing a document can release (approve) an item of a purchase requisition, a complete purchase requisition, or a complete external pur [..]

In vendor evaluation the key by which evaluation criteria are weighted according to their importance.

In vendor evaluation, the share of a vendor's overall score represented by the score for a main criterion.

A cumulative, period-end discount granted by a vendor to a customer.

An original or revision of a requisition or external purchasing document.

A type of outline purchase agreement with a vendor in which delivery dates and quantities are defined in a delivery schedule.

An offer from a vendor to a purchasing organization to supply materials or perform services subject to predefined terms and conditions.

An outline purchase agreement with a vendor, fulfilled through the issue of release orders referencing the contract.

In the vendor evaluation system, a subcriterion of the main criterion "Quality".

A contract (form of long-term purchasing arrangement) in which the purchase of goods or services up to a total value is agreed.

is the function of obtaining goods and services for a company. purchasing alerts Purchasing alerts

lang=en 1800s=1818 * '''1818''' — . ''''. *: I exchanged my land-sledge for one fashioned for the inequalities of the frozen ocean, and purchasing a plentiful stock of provisions, I departed from l [..]