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Purchase Control

oboloo Glossary

Purchase Control

Purchase control is an important part of business operations and is defined as the process of monitoring and managing the acquisition of goods and services. It is a critical component of the procurement process and involves the review and approval of all purchase requests, the selection of vendors, and the negotiation of terms and conditions. It also involves the tracking of all purchases, from the initial request to the final delivery, to ensure that the best possible value is achieved. Purchase control is an essential part of any business and helps to ensure that all purchases are made in a timely and cost-effective manner. By having a well-defined purchase control system in place, businesses can ensure that they are getting the best value for their money and that their purchases are in line with their overall business objectives.

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