All Glossary Terms
Spot Buys
Maintenance definition:
Spot buys refer to the purchase of goods or services made on an as-needed basis, often in response to urgent requirements. Unlike regular, planned purchases, spot buys are typically for items that are not under a contract or part of the regular inventory. In maintenance, spot buys may be necessary for obtaining parts or services quickly to address unexpected failures or shortages, although they may come with higher costs or longer lead times.
