Spot buying is the practice of buying to meet immediate requirements, rather than for stock or to meet future demand. Frequent orders are raised at the prevailing price at the time the order is placed. When a commodity price is falling, spot buying may minimise total expenditure.
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Discover the world’s largest Glossary of Procurement terms
With over 800 Procurement specific terms (and growing) you will find everything you need to know or thought you knew about the Procurement function. Our aim is to provide you with a comprehensive list collated from the Comprara Groups hub of training and procurement consulting source materials.The Procurement Glossary has been compiled by industry expert Paul Rogers.
