Central Purchasing Definition

Central Purchasing Definition

What Is Central Purchasing? Central purchasing is a department within a business or organization that is responsible for making all necessary procurement. Central purchasing works with other departments and agencies to consolidate orders for products to make use of economies of scale for receiving cheaper prices. Additionally, organizations use a central purchasing department to simplify

Certain and Secure Definition

Certain and Secure Definition

What Is Certain and Continuous? Certain and continuous refers to a type of annuity that guarantees a number of payments, even if the annuitant dies. If the annuitant passes away during the guaranteed period, a specified beneficiary will receive the rest of the payments. Alternatively, if the annuitant outlives the specified number of guaranteed payments, then

Elegance Killer Definition

Elegance Killer Definition

What Is a Category Killer? A category killer is a large retail chain superstore that dominates its product category and puts less productive and highly specialized merchants out of business. The original category killers proliferated during the 1980s and 1990s and generally excelled until the arrival of e-commerce, which paved the way for a new