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Buying strategy vs Purchasing strategy

Both 'buying strategy' and 'purchasing strategy' are correct and commonly used phrases in English. They are interchangeable and can be used depending on personal preference or specific context.

Last updated: March 25, 2024 • 474 views

Buying strategy

This phrase is correct and commonly used in English.

This phrase refers to the plan or approach used when purchasing goods or services.

Examples:

  • Our company needs to develop a new buying strategy to reduce costs.
  • She is an expert in creating effective buying strategies for businesses.
  • This applies even where a multinational corporation has a Community buying strategy and sources all its requirements for a good or service from one location.
  • This aspect is particularly serious in sectors such as electricity, where there is a clear imbalance between State enterprises involved in very aggressive buying strategies outside their national markets and liberalised or private enterprises which are unable to respond under the same conditions.
  • So the e-mails outline his boss's strategy for buying large amounts of a cheap, risky stock called Venture Command.
  • On 21 October 1998, the Municipality of Farsund and LILAS agreed on a strategy for buying the property.
  • Raising awareness of the risks associated with buying counterfeit goods has also been an important part of the Commission's work in empowering consumers in line with the EU consumer policy strategy 2007-13.
  • Can we leave industrial and economic development strategies and thousands of jobs in the hands of a corrupt shareholder who is capable of sinking the Prestige, buying some profitable gems within Metaleurop, and leaving a region with unacceptable pollution?
  • Does the Commission believe that buying the Foyer for the above sum will make a greater contribution to the work-life balance (as under the Lisbon Strategy) than the creation of significantly more creche places?

Alternatives:

  • purchasing strategy
  • procurement strategy
  • acquisition strategy
  • sourcing strategy
  • acquiring strategy

Purchasing strategy

This phrase is correct and commonly used in English.

This phrase also refers to the plan or approach used when acquiring goods or services.

Examples:

  • The company's purchasing strategy focuses on sustainable sourcing.
  • We need to review our purchasing strategy to ensure efficiency.
  • Those sector-specific measures should be complemented by an adaptation of Directives 2004/17/EC and 2004/18/EC empowering contracting authorities to pursue the objectives of the Europe 2020 strategy for smart, sustainable and inclusive growth in their purchasing strategies.
  • Those sector-specific measures should be complemented by an adaptation of Directives 2004/17/EC and 2004/18/EC empowering contracting entities to pursue the objectives of the Europe 2020 strategy for smart, sustainable and inclusive growth in their purchasing strategies.
  • It also seems appropriate to retain the present strategy of purchasing the buildings we use.
  • The authors of the resolution agree with the Commission that varying national rules in this area make cross-border purchasing and price strategies more difficult, and that action at European level is necessary for this reason.
  • Papers and information concerning research, planning, manufacturing and purchasing (documents concerning a plant in Spain, cost information for various model ranges, project studies, purchasing and saving strategies)
  • If we focus our purchasing power and our infrastructure strategies, we will have authority.
  • We must improve marketing, and also labelling and communication strategies, to inform consumers and thus assist them in their purchasing decisions.
  • The ECB can contribute to the success of the EU 2020 Strategy most effectively when focusing in its monetary policy on price stability in a credible manner and thereby supporting the purchasing power of euro area households.
  • Mr President, the EU's economic policy is currently made up of three elements: a platonic ambition - the Lisbon Strategy; a despised constraint - public spending controls; and a demand that has been ignored - support for purchasing power.
  • Within the overall strategy, some measures have been taken to respond to the economic slowdown by increasing public investment (partly financed by EU funds), bolstering purchasing power and providing direct support targeted at manufacturing, tourism and SMEs.
  • costs for purchasing, renting, hiring and leasing of equipment, if provided for in the strategy;
  • In terms of procurement and purchasing, the NDLA follows a public tender strategy which was adopted in order to ensure that the NDLA's public tenders are in full compliance with the Public Procurement Act [98].
  • supports the European Union's approach of providing the massive support needed for economic recovery both by seeking to boost purchasing power and through measures in the key areas of the Lisbon Strategy (competitiveness and innovation, sustainable development and social cohesion).

Alternatives:

  • buying strategy
  • procurement strategy
  • acquisition strategy
  • sourcing strategy
  • acquiring strategy

Related Comparisons

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