purchasingsystem
nounUK /ˈpɜːtʃɪsɪŋ ˈsɪstəm/
US /ˈpɜːrtʃəsɪŋ ˈsɪstəm/
A purchasing system is a set of tools that helps a company buy the things it needs.
The school uses a purchasing system to order new books and supplies.
RELATED WORDS
OTHER MEANINGS
2. The software that tracks and manages everything a company buys.
Our purchasing system sends an alert when the paper supply runs low.
3. The step-by-step process a business follows to buy goods or services.
The purchasing system starts with a request and ends with a paid invoice.
4. A way for a store to record what customers buy and pay for.
The shop's purchasing system prints a receipt for every sale.