Definitions for Procurement
This page provides all possible meanings and translations of the word Procurement
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.
Sample Sentences & Example Usage
This is a very complex procurement.
This issue has become bigger than the procurement.
The devil, as always, will be in the funding and procurement details.
Mr. Toyoda is carefully aware of what we’re doing, he views our parts procurement reform as one experimental way.
It will be better to get these agreements in place within 6 months to give time for logistics, procurement of equipment and antennaes to be installed and marketing.
Translations for Procurement
From our Multilingual Translation Dictionary
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