Definitions for Procurement

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

Princeton's WordNetRate this definition:(0.00 / 0 votes)

  1. procurement, procurance, procural(noun)

    the act of getting possession of something

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

WiktionaryRate this definition:(0.00 / 0 votes)

  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 DictionaryRate this definition:(0.00 / 0 votes)

  1. Procurement(noun)

    the act of procuring or obtaining; obtainment; attainment

  2. Procurement(noun)

    efficient contrivance; management; agency

FreebaseRate this definition:(0.00 / 0 votes)

  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.

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