Purchasing vocabulary

1. A document that itemizes a transaction between a buyer and a seller

1. A document sent from a buyer to a supplier, authorizing a purchase.

1. A formal statement of promise by a potential supplier to supply goods or services requested by a buyer, at specified prices and within a specified period.

• Quotation/quote

• purchase

• agreement

• propuse

1. A person or company that provides goods or services to another entity.

• vendor/supplier

• sales person

• manager

• seller

1. An order for a product that is temporarily out of stock but will be supplied when available

1. Goods transported in bulk by truck, train, ship, or aircraft.

1. The action of sending goods to a buyer.

• shipment

• freight

• sell

• requisition

A formal request to obtain a certain quantity of goods or services.

1. The goods and materials that a business holds for the purpose of resale.

• products

• stock/inventory

• net payment

• lead time

1. The time it takes for an order to be fulfilled from the moment it is placed until it is delivered.

• invoice

• lead time

• unit price

• credit time