collaborative purchase

collaborative purchase

A method of purchase whereby, in buying similar commodities, buyers for two or more departments exchange information concerning planned purchases in order to minimize competition between them for commodities in the same market.
References in periodicals archive ?
Tenders are invited for Fingerprint Devices & Software Collaborative Purchase
The work will involve 6 industry partners exploring concepts and options for the potential collaborative purchase of an unmanned combat air system (UCAS).
The new supplement, targeting integrators who work primarily with Fortune 1000 companies and other large organizations, will be the first to address the collaborative purchase process that has developed between integrators and these organizations.
Customers can club together to pay for group bookings, gifts or to make other collaborative purchases easily and securely.
He said the district also would be interested in making collaborative purchases on items such as paper or copy machines with smaller districts.
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