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Spot Buying


Source: Procurement Glossary
Author: Paul Rogers
Institute: CIPS - UK

Courtesy of


 

Spot buying is the practice of buying to meet immediate requirements, rather than for stock or to meet future demand.  Frequent orders are raised at the prevailing price at the time the order is placed.  When a commodity price is falling, spot buying may minimise total expenditure.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 




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Last update 12 Nov 2021
Output growth hampered further by material shortages, but expansion in new orders remains sharp
   Source: Markit US Manufacturing PMI   -  IHS Markit
United States 


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