Purchase Terms

The purchasing process is one of the key stones in the product supply chain of companies/businesses.

How well do we know this department, which is frequently encountered in a corporate company, international company or public institutions? What purchasing terms are likely to be encountered when someone is trying to get to know them?

It is understandable from the point of purchase that there is a "buyer" and a "seller". A series of concepts can be found to address the terms of this process, which manifests itself in the corporate language as procurement.

• Purchasing

  The process of procurement of a product or service by taking into consideration the quality, time, quantity, price and delivery criteria. Procuring from suppliers for the lowest possible price is called procurement.

• Cross Docking

  There is no storage in the system. Through Distribution.

• Distribution Channel

  A auxiliary body involved in a number of arrangements for the use or consumption of the product or service. It can also be defined as connection providers.

• Value

  Price ratios of perceived benefits are called "values."

• Value Analysis

  Value analysis is defined as the systematic handling of requirements such as quality and performance of a product in order to reduce purchasing costs. The minimum cost is taken into account.

• Drop Shipping

  Also known as the Zero Stock Model, this purchase term will focus directly on the supplier performing post-sales logistics. Net profit in cost calculations can also be found as a purchase price - purchase price. Examples of this can be found on large and well-known e-commerce sites.

• Price

  The most commonly defined is the value or equivalent of the value paid in return for the goods or service purchased.

• Discouny

  Rebates made by the vendor on list prices or values are called discounts. They are performed to encourage purchase.

• Service

  For products that are not in a concrete state or are not tangible, they are called services. Examples include hospital, bank, tourism or entertainment.

• Objection

  A lead in the purchase process is resistant to making the purchase decision.

• Close (Closing)

  This is when the sale occurred and the purchase process was completed. The lead has made the purchase decision.

• Consignment

  Although exported, it is goods that are not paid by the importer, as long as the final sale to the supplier occurs. The person who imports the product by the supplier X is given for free, pays the supplier after they sell the importer X. Return what they can't sell to the supplier.

• Sell Through Rate

  It's a concept in which you can express your sales rate in percentage. Shows how much