A buyers market occurs when there is an excess of supply over demand and buyers have many alternative sources of supply for goods and/or services. Supply-demand imbalances occur for a variety of reasons, including economic downturn, technological development and the introduction of free trade, any or all of which can cause markets to become a buyers’ markets, at least in the short term. In the longer term, suppliers faced with dwindling margins exit the market and a balance between supply and demand is restored.
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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.
