In which industries and areas of application is purchasing used?
Purchasing is of great importance in practically all industries, as almost every company needs goods and services to maintain its operations. However, the characteristics differ depending on the business area. In the manufacturing industry, for example, purchasing is dedicated to the procurement of raw materials, machines, components and other materials. In (retail) trade, the focus of purchasing is on procuring a variety of consumer goods, replenishing stocks and always meeting customer demand. Finally, purchasers are important even in service companies, such as consulting firms or IT service providers. Office materials, hardware and software licenses or external services are purchased from them.