Buyer
Term · Industrial and trades · MLC-T-IND-000884
An individual or department responsible for procuring goods, materials, and services required for a company's operations. They identify sources of supply, negotiate contracts, manage supplier relationships, and issue purchase orders to acquire items at the best possible price and quality. A buyer's performance is often measured by metrics such as cost savings, on-time delivery rates, and supplier quality levels.
| Identifier | MLC-T-IND-000884 |
|---|---|
| Field | Industrial and trades |
| Subject | Manufacturing |
| Synonyms | purchasing agent |
| Translations | German: Einkäufer; Spanish: comprador; French: acheteur |
Record as JSON
{
"id": "MLC-T-IND-000884",
"term": "Buyer",
"field": "Industrial and trades",
"definition": "An individual or department responsible for procuring goods, materials, and services required for a company's operations. They identify sources of supply, negotiate contracts, manage supplier relationships, and issue purchase orders to acquire items at the best possible price and quality. A buyer's performance is often measured by metrics such as cost savings, on-time delivery rates, and supplier quality levels.",
"synonyms": [
"purchasing agent"
],
"subject": "Manufacturing",
"translations": {
"de": "Einkäufer",
"es": "comprador",
"fr": "acheteur"
},
"url": "https://mlchart.com/terminology/industrial/buyer/"
}
Record 973 of 7,361 in Industrial and trades terminology (MLC-0113). Request the full dataset.