Volume Purchasing Agreement

A volume purchasing agreement is a contractual arrangement that outlines the terms regarding a buyer's commitment to purchasing a specified quantity of goods or services from a vendor, such as software licenses and cloud services.

People also ask

  • What is volume purchasing?

    Volume purchasing involves buying goods in large quantities to get lower prices per unit, leading to cost savings and increased competitiveness.

  • How is the pricing determined in a volume purchase agreement?

    In volume purchase agreements, pricing is based on quantity purchased, with discounts for larger orders. Prices can vary with tiered discounts or set rates for specific quantities.

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