central buying

central buying definition - business

central buying

Combining purchases through a central authority. For example, a retail grocery chain with hundreds of stores is likely to make many purchasing decisions at headquarters for all the stores.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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