Spot buying is a purchasing strategy that is used to acquire goods and services quickly and with minimal planning. It is a type of purchasing that is done on an as-needed basis and is often used to acquire items that are not typically part of a company’s normal inventory. Spot buying is an important part of any business’s purchasing strategy, as it allows for quick and efficient acquisition of goods and services that are needed immediately. Spot buying can also be used to acquire goods and services at a lower cost than if they were purchased through a more traditional purchasing process. The official business definition of spot buying is the acquisition of goods and services in an immediate and unplanned manner, often with the intent of saving time and money.