volume of purchase

USAGE SUMMARY

"volume of purchase" is a perfectly correct phrase that can be used in written English.
You may use it in situations where you need to refer to the amount of something that is being purchased at a given time. For example, "The volume of purchase for this quarter was higher than expected."

✓ Grammatically correct

Science

News & Media

Encyclopedias

Formal & Business

Human-verified examples from authoritative sources

Exact Expressions

2 human-written examples

The Purchase Function states that the assortment of products bought by any given customer c j is determined by c j 's volume of purchase, and the population of customers that buy any given product p i is determined by p i 's volume of sales.

EPJ Data Science

Additionally the test's cost, ranging from $1.25 to $2.50 per test (depending on the country and volume of purchase) is based on the World Bank's list of economies, thereby ensuring affordability to the countries most in need.

Clinical Infectious Diseases

Human-verified similar examples from authoritative sources

Similar Expressions

57 human-written examples

But while the volume of purchases increased by 2%, the value fell by 1% compared to the same month last year.

The Guardian - Money

Mr. Bernanke underscored at a news conference following the announcement that the Fed might adjust the volume of purchases.

The New York Times

Capital One is the No. 4 issuer of Visa and MasterCard credit cards by volume of purchases and cash advances, according to The Nilson Report, an industry newsletter.

The New York Times

Discounters stock a fraction of the goods that a normal supermarket offers, resulting in fewer suppliers, a high volume of purchases and sales, and massive economies of scale.

The Economist

In recent months, Fed officials said they had concluded that reducing the volume of purchases, rather than stopping abruptly, could help the Fed to communicate with investors more precisely.

The New York Times

"Our review found that 37 of the 107 responding members in our sample did not receive an advance agreement indicating that Premier would receive an administrative fee from vendors based on the member's volume of purchases," according to the audit, which was obtained through a request under the federal Freedom of Information Act.

The New York Times

An Australian study that tracked the worldwide purchase of garden products found that middle-aged married couples with relatively high incomes purchased the largest number of garden products and did their shopping at independent garden centres, while retirees made the highest dollar volume of purchases at mass-market discount stores.

Encyclopedia Britannica

The carrot is the large volume of purchases.

Forbes

Steady and flat volume of purchasing (averaging around 300 purchase orders (PO) each day) was evidenced from over 2700 vendors (suppliers) throughout the academic year 2011 2012 [32].

European Transport Research Review

Expert writing Tips

Best practice

When discussing business performance, use "volume of purchase" to clearly indicate the quantity of goods or services acquired over a specific period, helping to differentiate from value or cost metrics.

Common error

Avoid using "volume of purchase" interchangeably with "value of purchase". "Volume" refers to the quantity, while "value" refers to the monetary worth. Ensure you use the correct term to accurately convey the intended meaning.

Linguistic Context

The phrase "volume of purchase" functions primarily as a noun phrase. It describes the quantity or amount of something that is bought. Ludwig AI indicates that this is a correct and usable phrase in written English.

Expression frequency: Rare

Frequent in

Science

30%

News & Media

25%

Formal & Business

20%

Less common in

Encyclopedias

15%

Reference

5%

Wiki

5%

Ludwig's WRAP-UP

The phrase "volume of purchase" correctly refers to the quantity of items bought, distinct from the monetary "value". While not exceedingly common, according to Ludwig, it's appropriate across diverse settings, from science and business to news reporting. When using this phrase, ensure clarity to prevent confusion with financial metrics. Alternative options, like "amount purchased" or "quantity bought", can provide semantic similarity while varying word choice.

More alternative expressions

Phrases that express similar concepts, ordered by semantic similarity:

amount purchased

Replaces "volume" with "amount", focusing on the quantity acquired.

quantity bought

Substitutes "volume" with "quantity" and "purchase" with "bought", emphasizing the number of items.

size of acquisition

Highlights the magnitude or dimension of the acquired items.

total acquisition

Changes the structure to highlight the overall acquisition rather than the individual transaction.

scale of buying

Indicates the overall dimension or proportion of the buying activity.

bulk of buying

Emphasizes the mass or size of the procurement activity.

magnitude of acquisition

Refers to the greatness or importance of the acquired items.

extent of procurement

Focuses on the scope or scale of the purchasing process.

level of expenditure

Shifts the focus to the financial aspect of the buying activity.

aggregate purchase

Indicates combined purchases.

FAQs

What does "volume of purchase" mean?

"Volume of purchase" refers to the quantity or amount of goods or services bought in a transaction or over a period of time. It's a measure of how much is being acquired, not the monetary value.

How can I use "volume of purchase" in a sentence?

You might say, "The company increased its "volume of purchase" of raw materials to meet rising demand."

What's the difference between "volume of purchase" and "value of purchase"?

"Volume of purchase" refers to the quantity bought, while "value of purchase" refers to the monetary worth of those purchases. For example, you can have a high "volume of purchase" but a low value if the items are inexpensive.

What are some alternatives to "volume of purchase"?

Depending on the context, you could use alternatives like "amount purchased", "quantity bought", or "total acquisition".