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Term of the Day
BusinessDictionary.com
purchasing hub
Definition
Website
that
aggregates
demands
from several smaller
buyers
into a large
order
to be
able
to
negotiate
better
prices
which it passes on to the buyers after deducting its
commission
. A purchasing hub many
offer
both
spot
and
long-term
purchasing.
Related Videos
http://www.businessdictionary.com/definition/purchasing-hub.html
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Nearby Terms
purchases journal
purchases ledger
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