oboloo Glossary

Purchasing Workflow Process

oboloo Glossary

Purchasing Workflow Process

The official business definition of Purchasing Workflow Process is a series of steps and activities that are required to complete a purchase. This process typically involves a buyer or purchasing agent, who is responsible for finding and negotiating the best deal on the goods or services needed. It also includes the approval process, which ensures that the purchase is within the organization’s budget and meets all legal and ethical requirements. Once the purchase is approved, the buyer will then place the order and manage the delivery of the goods or services. This process can be further broken down into the following steps: research, selection, negotiation, approval, order placement, and delivery. The Purchasing Workflow Process is an important part of any business and is necessary to ensure that the organization is able to acquire the goods and services it needs in a timely and cost-effective manner.