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What does Procurement mean?

This page provides all possible meanings and translations of the word Procurement.

Princeton's WordNet

  1. procurement, procurance, procural(noun)

    the act of getting possession of something

    "he was responsible for the procurement of materials and supplies"

Wiktionary

  1. procurement(Noun)

    The purchasing department of a company.

  2. procurement(Noun)

    The act of procuring or obtaining; obtainment; attainment.

  3. procurement(Noun)

    Efficient contrivance; management; agency.

    They think it done by her procurement. -Dryden.

Webster Dictionary

  1. Procurement(noun)

    the act of procuring or obtaining; obtainment; attainment

  2. Procurement(noun)

    efficient contrivance; management; agency

Freebase

  1. Procurement

    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.

Numerology

  1. Chaldean Numerology

    The numerical value of Procurement in Chaldean Numerology is: 6

  2. Pythagorean Numerology

    The numerical value of Procurement in Pythagorean Numerology is: 4

Sample Sentences & Example Usage

  1. Kosuke Shiramizu:

    Mr. Toyoda is carefully aware of what we’re doing, he views our parts procurement reform as one experimental way.

  2. Michael Jones:

    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.

  3. Alan Garber:

    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.

  4. Scott Kennedy:

    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.

  5. Scott Kennedy:

    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.

Images & Illustrations of Procurement


Translations for Procurement

From our Multilingual Translation Dictionary

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"Procurement." Definitions.net. STANDS4 LLC, 2017. Web. 28 Mar. 2017. <http://www.definitions.net/definition/Procurement>.

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