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Home > QFINANCE Dictionary > Definition of purchasing routine

Definition of

purchasing routine

Operations & Production

stages in purchase of product or service the various stages involved in organizing the purchase of a product or service

purchasing routine - Related Articles

  • Maximizing Value when Selling a Business

    Best Practice

    Having described what advisers don’t do, the natural question is: So what do they do? The answer to this is—pretty much everything except making the final commercial decisions. Expect advisers to prepare, collate, and analyze data that will be presented to potential purchasers. They should project
    By John Gilligan

  • Enterprise Value

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    In the financial world, enterprise value has a precise meaning and calculation. It is important to remember this, as many conference planners and consultants routinely rely on “enterprise value” to promote whatever concept they happen to be selling.

  • Corporate Finance for SMEs

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    The transactions referred to in points 1 and 2 are circumstantial. Other typical examples are refinancing the business, management buyouts and buy-ins, and M&A. These are routine corporate finance transactions, but if we return to the theory and apply it there are many more sophisticated possibilities which can be more appropriately driven by business or financial strategy, rather than circumstance
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  • Payment Factories: How to Streamline Financial Flows

    Best Practice

    Banks and financial departments call this a payments factory. The phrase is a loose term that covers the rationalization and consolidation of a payment service into these global hubs. The aim is to have a single track of payments for invoices, purchase orders, payroll, cash management, and more, that can be easily managed, tracked, and changed regardless of where these are happening.
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Definitions of ’purchasing routine’ and meaning of ’purchasing routine’ are from the book publication, QFINANCE – The Ultimate Resource, © 2009 Bloomsbury Information Ltd. Find definitions for ’purchasing routine’ and other financial terms with our online QFINANCE Financial Dictionary.

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