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What does purchasing mean?

Looking for the meaning or definition of the word purchasing? Here's what it means.

Verb
  1. present participle of purchase
Noun
  1. An act or process of making a purchase.
  2. (business, government) A complex, organized process in large organizations for obtaining goods that may include identification of requirements, approvals, supplier management, negotiation, receipt of goods, and payment.
  3. A part of an organization that manages such processes
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