Central Purchasing

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Dictionary Says

Definition of 'Central Purchasing'

A department within a business or organization that is responsible for making all procurements. Central purchasing works with other departments and agencies to consolidate orders for products, and then use economies of scale in order to exact cheaper prices. Additionally, organizations use a central purchasing department in order to simplify a procurement budget or to keep the organization's spending in a centralized location that can be checked for discrepancies easily. 
Investopedia Says

Investopedia explains 'Central Purchasing'

Using a central purchasing department is part of an organizational strategy aimed at efficiency. While consolidating may allow the organization to order goods in larger quantities and reduce costs, it may also slow down the procurement process and prevent employees from getting the materials they need in a timely manner. Centralized planning may result in more bureaucratic red tape that can stymie innovation by preventing emerging departments from obtaining the materials that they need.
Search results for

'Central Purchasing'

  • CFA Level 1 Study Guide - Global Economic Analysis - Purchasing ...

    http://www.investopedia.com/exam-guide/cfa-level-1/global-economic-analysis/purchasing-power-interest-rate-parity.asp
    Examines the interest rate and purchasing power parities between countries. Explains
    why the central banks intervene in the currency markets. ...

  • Where is the central location of the forex market?

    http://www.investopedia.com/ask/answers/forex/where-is-central-location-of-forex-market.asp
    ... Central Banks By purchasing and selling currencies, central banks try to
    control their money supply, interest rates and inflation. ...

  • Quantitative Easing: What's In A Name?

    http://www.investopedia.com/articles/economics/10/quantitative-easing.asp
    ... investors. Of course, by purchasing assets, the central bank is spending
    the money it has created, and this introduces risk. For ...

  • What Is Wrong With Gold?

    http://www.investopedia.com/articles/05/033105.asp
    ... article "Goldbears" (May 30, 2002), silver's elimination from the central banks'
    reserves ... periods of hyperinflation as it can hold its purchasing power much ...

  • Series 7 Study Guide - Securities Markets - The Currency Market ...

    http://www.investopedia.com/exam-guide/series-7/securities-markets/currency-forex-market.asp
    ... 10.13 Purchasing Additional Shares On Margin; 10.14 Special Memorandum Account;
    10.15 Short ... The Role of the Central Bank Many countries, including the United ...

  • The Forex Market: Who Trades Currency And Why

    http://www.investopedia.com/articles/forex/11/who-trades-forex-and-why.asp
    ... (Central banks use these strategies to calm inflation, but they can also ... a currency
    swap agreement to obtain dollars in advance of purchasing components from ...

  • Why Is The Euro Falling? - Investopedia.com

    http://financialedge.investopedia.com/financial-edge/1011/Why-Is-The-Euro-Falling.aspx
    ... Together they comprise the European System of Central Banks headquartered in Frankfurt ...
    rates will allow them to stretch their dollars when purchasing goods and ...

  • How do I buy an over-the-counter stock?

    http://www.investopedia.com/ask/answers/06/buyOTC.asp
    ... than purchasing stock from companies on the NYSE and the NASDAQ. The major difference
    is that OTC securities are unlisted, so there is no central exchange for ...

  • Emerging Markets Show Gold Some Love

    http://stocks.investopedia.com/stock-analysis/2011/Emerging-Markets-Show-Gold-Some-Love-GLD-SGOL-PHYS-GDX-DGL0627.aspx
    ... Mexico follows on the heels of other developing market central banks ... Russia continues
    to purchase gold on the open market, purchasing around 400 tons of bullion ...

  • Greenback Ready To Rebound?

    http://stocks.investopedia.com/stock-analysis/2008/Greenback_Ready_To_Rebound_UDN_UUP.aspx
    ... move. In the world of forex, currencies are backed by the interest rates
    each central bank pays for purchasing their money. The ...

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