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Purchasing is the procurement process a business or organization uses to acquire goods or services to accomplish its goals. Although there are several organizations that attempt to set standards in the purchasing process, processes can vary greatly between organizations.
Is the purchasers name on a cashiers check?
When you request a cashiers check from your bank, money is moved out of your account and into the banks account, and then a bank representative (usually a teller) signs it over to a named third party. (The check will include the names of both the recipient and remitter.)
What does a purchaser do?
Purchasers, also known as buying agents, buy equipment, tools, supplies and components from a variety of vendors and providers. Purchasers are hired by manufacturing, service and retail firms to perform full-time shifts, mostly in office environments.
What is an example of a purchaser?
For example, a purchaser of a baked goods company may be in charge of sourcing raw materials and large equipment to ensure the running of a companys operations. They then provide these products to a company that uses them to create a final product for their customers.
Who is considered the purchaser?
(6) Purchaser The term purchaser means a person who, for adequate and full consideration in money or moneys worth, acquires an interest (other than a lien or security interest) in property which is valid under local law against subsequent purchasers without actual notice.
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