The official business definition of Business Purchasing Process is the set of activities and decisions involved in acquiring goods and services from external sources. This process includes the identification of potential suppliers, negotiation of terms and conditions, and the selection of the most suitable supplier. It also includes the payment process, the delivery of goods and services, and the monitoring of supplier performance. The purchasing process is an important part of the overall business strategy, as it helps to ensure that the company is getting the best value for its money. It is also important to ensure that the supplier is reliable and trustworthy, as this will help to ensure that the company is getting the best quality products and services. The purchasing process should be carefully planned and monitored to ensure that the company is getting the best value for its money.