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Purchase Budgeting

oboloo Glossary

Purchase Budgeting

Purchase Budgeting Definition

A purchase budget is an estimation of the total cost of all goods and services that a company plans to acquire over a specific period of time. This budget is used to track actual spending and compare it against the forecasted costs. The purchase budget may also include a breakdown of costs by category, such as raw materials, office supplies, and marketing expenses.

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