What is AUTOMATED PURCHASE SYSTEM?

A system when a firm is connected to its vendors. Goods can be bought directly as well as services. Both authentication and leverage are automatically given.

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Related Legal Terms
AUTOMATED COMMERCIAL ENVIRONMENT (ACE), AUTOMATED ATTENDANT, AUTOMATED BOND SYSTEM (ABS), AUTOMATED CLEARING HOUSE, AUTOMATED MANIFEST SYSTEM (AMS), AUTOMATED RESERVATION SYSTEM, AUTOMATED TELLER MACHINE (ATM), BANKS AUTOMATED CLEARING SYSTEM (BACS), CLEARINGHOUSE AUTOMATED PAYMENT SYSTEM (CHAPS), PURCHASE MORTGAGE MARKET


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