Spot buy is a term used in business to refer to a one-time purchase of goods or services. It is a type of procurement process that is used to quickly acquire goods or services that are needed in order to meet an immediate need. Spot buys are usually made when the need for the goods or services is urgent and there is not enough time to go through the normal procurement process. This type of purchase is often used to acquire goods or services that are not typically part of the organization’s normal procurement process. Spot buys are usually made from suppliers that the organization has not previously worked with and the terms of the purchase are negotiated on an ad-hoc basis. Spot buys can be beneficial to an organization as they allow them to quickly acquire the goods or services they need without having to go through the normal procurement process.