centralized purchasing

Centralized purchasing is a system where an organization consolidates its procurement activities into a single, dedicated team or department. Instead of individual departments buying their own supplies or services, the central team handles all purchasing decisions, negotiations, and orders. This approach helps to achieve better pricing, ensure consistency, and streamline processes across the organization. It also provides increased control, reduces duplicate efforts, and can improve supplier relationships. In essence, centralized purchasing simplifies and optimizes how an organization acquires goods and services, ensuring efficiency and cost savings.