Which type of card is used primarily for managing company purchasing processes?

The Corporate Purchasing Card is specifically designed to streamline and manage company purchasing processes. It allows organizations to make direct purchases from suppliers and vendors without going through traditional accounts payable processes. This card type simplifies procurement by enabling employees to buy goods and services necessary for their work, while also providing controls for management oversight.

Using a Corporate Purchasing Card can enhance efficiency, reduce procurement cycle times, and improve spending control. Companies can track purchases easily, making it simpler to manage budgets and analyze spending patterns. This card type also typically comes with features tailored for managing purchasing activities, such as transaction limits or specific merchant categories that employees can use.

In contrast, the other card types mentioned serve different functions. Fleet cards focus on managing expenses related to company vehicles, travel cards are tailored for business travel-related expenses, and executive cards are often used by higher-level managers for overall company expenses. Therefore, the Corporate Purchasing Card is the correct answer when it comes to managing purchasing processes specifically.