procurement, procurance, procural(noun)
the act of getting possession of something
"he was responsible for the procurement of materials and supplies"
The purchasing department of a company.
The act of procuring or obtaining; obtainment; attainment.
Efficient contrivance; management; agency.
They think it done by her procurement. -Dryden.
the act of procuring or obtaining; obtainment; attainment
efficient contrivance; management; agency
Procurement is the acquisition of goods, services or works from an external source. It is favorable that the goods, services or works are appropriate and that they are procured at the best possible cost to meet the needs of the purchaser in terms of quality and quantity, time, and location. Corporations and public bodies often define processes intended to promote fair and open competition for their business while minimizing exposure to fraud and collusion.
The numerical value of Procurement in Chaldean Numerology is: 6
The numerical value of Procurement in Pythagorean Numerology is: 4
Sample Sentences & Example Usage
Mr. Toyoda is carefully aware of what we’re doing, he views our parts procurement reform as one experimental way.
Rather (than) focusing on fierce competition at home, it's more about companies trying to cooperate in order to reduce cost and increase flexibility on the procurement side.
Harvard University’s procurement decisions should not and will not be driven by individuals’ views of highly contested matters of political controversy, if this policy is not currently known or understood in some parts of the University, that will be rectified now.
Given the recent spate of AML-related (anti-monopoly law) cases against foreign firms, the regulations about the banking sector, and the reduction of foreign firms' products on government procurement lists, there is good reason for foreign firms to be highly concerned.
The true test will come with implementation, given the recent spate of AML-related (anti-monopoly law) cases against foreign firms, the regulations about the banking sector, and the reduction of foreign firms' products on government procurement lists, there is good reason for foreign firms to be highly concerned.
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Translations for Procurement
From our Multilingual Translation Dictionary
- fremskaffelse, indkøbsafdeling, indkøbDanish
- Einkauf, BeschaffungGerman
- osto-osasto, hankintaosasto, ostaminen, hankintaFinnish
- achats, obtention, approvisionnementFrench
- inkoop, inkoopafdelingDutch
- obtenção, suprimentos, comprasPortuguese
- добывание, отдел закупа, закупкаRussian
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