centralized purchasing

the control by a central department of all the purchasing undertaken within an organization. In a large organization centralized purchasing is often located within the headquarters. Centralization has the advantages of reducing duplication of effort, pooling volume purchases for discounts, enabling more effective inventory control, consolidating transport loads to achieve lower costs, increasing skills development in purchasing personnel, and enhancing relationships with suppliers.

The ultimate business dictionary. 2015.

Look at other dictionaries:

  • 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… …   Investment dictionary

  • Nigh Commission — The Commission on the Reform of Oklahoma State Government, also known as the Nigh Commission, was a committee that in 1984 recommended sweeping changes to the government of the State of Oklahoma to improve efficiency, economy and service. It is… …   Wikipedia

  • Fast Food Nation — Infobox Book name = Fast Food Nation title orig = translator = image caption = Paperback edition author = Eric Schlosser illustrator = cover artist = country = United States language = English series = subject = Fast food genre = Non fiction… …   Wikipedia

  • Tops Markets LLC — Infobox Company company name = Tops Markets LLC company company type = Subsidiary of Morgan Stanley foundation = 1962 location = Williamsville, New York locations = 71 Stores key people = Frank Curci, CEO |, Kevin Darrington, CFO industry =… …   Wikipedia

  • Tops Friendly Markets — TOPS Markets, LLC Type Subsidiary of Morgan Stanley Private Equity Industry Retail (Grocery) Founded 1962 Headquarters …   Wikipedia

  • Ace Hardware — Corp., based in Oak Brook, Illinois, United States is a hardware cooperative that was created in 1924 by Richard Hesse, E. Gunnard Lindquist, Frank Burke and Oscar Fisher in Chicago, Illinois. The company, which was founded to provide a… …   Wikipedia

  • Retailer Owned Food Distributors & Associates — The Retailer Owned Food Distributors Associates (or ROFDA) is a trade association that serves retailers cooperatives in the supermarket industry. It has 17 member retailers cooperatives throughout the United States, and is based in Gardendale,… …   Wikipedia

  • china — /chuy neuh/, n. 1. a translucent ceramic material, biscuit fired at a high temperature, its glaze fired at a low temperature. 2. any porcelain ware. 3. plates, cups, saucers, etc., collectively. 4. figurines made of porcelain or ceramic material …   Universalium

  • China — /chuy neuh/, n. 1. People s Republic of, a country in E Asia. 1,221,591,778; 3,691,502 sq. mi. (9,560,990 sq. km). Cap.: Beijing. 2. Republic of. Also called Nationalist China. a republic consisting mainly of the island of Taiwan off the SE coast …   Universalium

  • Economic democracy — is a socioeconomic philosophy that suggests a shift in decision making power from a small minority of corporate shareholders to a larger majority of public stakeholders. There is no single definition or approach for economic democracy, but most… …   Wikipedia

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”

We are using cookies for the best presentation of our site. Continuing to use this site, you agree with this.