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Purchasing

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May 1, 2024 Updated May 10, 2025 18 minute read

Purchasing, at its core, is the process businesses and organizations use to acquire the goods and services necessary to achieve their objectives. This critical function extends beyond simply buying; it involves a strategic approach to sourcing, negotiation, and acquisition, aiming to optimize cost, quality, and delivery. In today's complex global economy, purchasing plays a pivotal role in a company's success and competitiveness.

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Reading list

We've selected three books that we think will supplement your learning. Use these to develop background knowledge, enrich your coursework, and gain a deeper understanding of the topics covered in Purchasing.
Takes a value-based approach to purchasing and supply management, showing how businesses can use purchasing to create value for customers. It is ideal for students and practitioners looking to understand how to use purchasing to drive business success.
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