Diclib.com
ChatGPT AI Dictionary

Dictionary Lookup Custom Solutions

Enter a word or phrase in any language 👆

Language:

Translation and analysis of words by ChatGPT artificial intelligence

On this page you can get a detailed analysis of a word or phrase, produced by the best artificial intelligence technology to date:

how the word is used
frequency of use
it is used more often in oral or written speech
word translation options
usage examples (several phrases with translation)
etymology

What (who) is purchasing price - definition

Purchasing software; Purchasing Software

Group purchasing organization

ENTITY THAT IS CREATED TO LEVERAGE THE PURCHASING POWER OF A GROUP OF BUSINESSES TO OBTAIN DISCOUNTS

Group purchasing organisation; Group purchasing organizations; Group Purchasing Organization; Buying group; Private purchasing group

In the United States, a group purchasing organization (GPO) is an entity that is created to leverage the purchasing power of a group of businesses to obtain discounts from vendors based on the collective buying power of the GPO members.

https://en.wikipedia.org/wiki/Group_purchasing_organization

Purchase price allocation

PURCHASE PRICE ALLOCATION

Purchase Price Allocation

Purchase price allocation (PPA) is an application of goodwill accounting whereby one company (the acquirer), when purchasing a second company (the target), allocates the purchase price into various assets and liabilities acquired from the transaction.

https://en.wikipedia.org/wiki/Purchase_price_allocation

price tag

LABEL DECLARING THE PRICE OF AN ITEM FOR SALE

Price tagging; Pricetags; Price label

also price-tag (price tags)

1.

If something has a price tag of a particular amount, that is the amount that you must pay in order to buy it. (WRITTEN)

The price tag on the 34-room white Regency mansion is ?17.5 million.

N-COUNT

2.

In a shop, the price tag on an article for sale is a small piece of card or paper which is attached to the article and which has the price written on it.

N-COUNT

Wikipedia

Procurement software

Procurement software is a type of business software which helps to automate the organisational purchasing functions.

Software functions include issuing and evaluating tenders, raising and approving purchase orders, selecting and ordering the product or service, receiving and matching the invoice and order, and payment of invoices, enabling the procurement department to see everything that is ordered, ensure that nothing can be ordered without correct approvals, and secure the best value by combining several orders for the same type of good or even getting suppliers to bid for the business. A buying organisation's choice of software may be driven by the particular strengths offered by each individual system and the number of vendors available through them. A multinational or other large organization will use a shared procurement system to take advantage of economies of scale to drive down the cost of purchases. Whilst some services are available to purchase through automated systems, the key strength of these systems lies in the procurement of commodities that are much easier to standardize.

https://en.wikipedia.org/wiki/Procurement software

Examples of use of purchasing price

1. "China should instead raise the purchasing price of agricultural products from farmers and slow down the opening of its agriculture market," he said.

2. In an explanatory note accompanying its announcement, the commission said high world oil prices had created "contradictions in the purchasing price of oil being higher than the selling price of refined products that were becoming more glaring by the day." That had led some refiners to halt or suspend production, creating supply interruptions and long lines at some filling stations, it said.

3. Balghunaim made the proposal before Shoura Council members yesterday in a closed–door session. «The minister informed us that he had officially proposed the idea of raising the purchasing price of wheat bought by the government from local farmers,» a Shoura Council member told Arab News.