oboloo Glossary

Centralized Purchasing Structure

oboloo Glossary

Centralized Purchasing Structure

The official business definition of Centralized Purchasing Structure is a system of purchasing goods and services that is managed and coordinated by a central office or department. This structure is used to ensure that all purchasing decisions are made in a unified and consistent manner, allowing for better cost control and efficiency. The centralized purchasing structure also allows for the standardization of processes and procedures, which can help to reduce costs and improve the quality of goods and services purchased. Additionally, this structure can help to reduce the risk of fraud and corruption, as all purchases are made through a single, centralized point of contact. Finally, this structure can help to streamline the purchasing process, allowing for quicker and more efficient procurement of goods and services.