Spot purchasing is a type of business transaction in which goods or services are purchased for immediate delivery. It is a type of transaction that is not part of a long-term contract or agreement. Spot purchasing is a great way for businesses to quickly acquire goods or services without having to go through the process of negotiating a long-term contract. This type of purchasing is especially beneficial for businesses that need to acquire goods or services on an as-needed basis. Spot purchasing is also advantageous for businesses that are looking to save money, as it eliminates the need to commit to long-term contracts and allows them to purchase goods or services at the best possible price. Spot purchasing can also be beneficial for businesses that are looking to diversify their supply chain, as it allows them to access a wider range of suppliers.