In which sectors 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 of purchasing vary depending on the business sector. In the manufacturing industry, for example, purchasing focuses on the procurement of raw materials, machines, components and other materials. In (retail)trade, the focus is on procuring a wide range of consumer goods in order to replenish stocks and meet customer demand at all times. Purchasing even plays an important role in service companies, such as consulting firms or IT service providers. Office materials, hardware and software licenses as well as external services are purchased here.