Definitions for Procurement
pro·cure·ment

Princeton's WordNetRate this definition:5.0 / 1 vote

1. procurement, procurance, procuralnoun

   the act of getting possession of something

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

WiktionaryRate this definition:0.0 / 0 votes

1. procurementnoun

   The purchasing department of a company.

2. procurementnoun

   The act of procuring or obtaining; obtainment; attainment.

3. procurementnoun

   Efficient contrivance; management; agency.

   They think it done by her procurement. -Dryden.

Samuel Johnson's DictionaryRate this definition:0.0 / 0 votes

1. Procurementnoun

   The act of procuring.

   They mourn your ruin as their proper fate,
   Cursing the empress; for they think it done
   By her procurement. John Dryden, Aurengz.

WikipediaRate this definition:0.0 / 0 votes

1. Procurement

   Procurement is the method of discovering and agreeing to terms and purchasing goods, services, or other works from an external source, often with the use of a tendering or competitive bidding process. When a government agency buys goods or services through this practice, it is referred to as public procurement.Procurement as an organizational process is intended to ensure that the buyer receives goods, services, or works at the best possible price when aspects such as quality, quantity, time, and location are compared. Corporations and public bodies often define processes intended to promote fair and open competition for their business while minimizing risks such as exposure to fraud and collusion. Almost all purchasing decisions include factors such as delivery and handling, marginal benefit, and fluctuations in the prices of goods. Organisations which have adopted a corporate social responsibility perspective are also likely to require their purchasing activity to take wider societal and ethical considerations into account. On the other hand, the introduction of external regulations concerning accounting practices can affect ongoing buyer-supplier relations in unforeseen manners.

ChatGPTRate this definition:0.0 / 0 votes

1. procurement

   Procurement refers to the process of finding, acquiring and buying goods, services, or works from an external source, often via tendering or competitive bidding process. It involves making purchase decisions under conditions of scarcity, identifying needs, specifying the product or service needed, analyzing the market, identifying potential suppliers, negotiating terms, and managing suppliers for continuous supply.

Webster DictionaryRate this definition:0.0 / 0 votes

1. Procurementnoun

   the act of procuring or obtaining; obtainment; attainment

2. Procurementnoun

   efficient contrivance; management; agency

WikidataRate this definition:2.0 / 1 vote

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.

Editors ContributionRate this definition:0.0 / 0 votes

1. procurement

   A department of a business, company, enterprise, organization or a form of unity assembly, unity council, unity legislature, unity senate, house of representatives, unity government, local unity government, regional unity government, national unity government, european unity government and international unity government with the role, responsibility and authority to purchase commodities, goods, products or services according to their intergovernmental process, purchasing procedure, purchasing guidelines, quality management system or purchasing standard.

   The procurement department worked very efficiently.

   
   

   Submitted by MaryC on March 8, 2020  

Matched Categories

1. • Acquisition

How to pronounce Procurement?

1. Alex

   US English

   David

   US English

   Mark

   US English

   Daniel

   British

   Libby

   British

   Mia

   British

   Karen

   Australian

   Hayley

   Australian

   Natasha

   Australian

   Veena

   Indian

   Priya

   Indian

   Neerja

   Indian

   Zira

   US English

   Oliver

   British

   Wendy

   British

   Fred

   US English

   Tessa

   South African

How to say Procurement in sign language?

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

Examples of Procurement in a Sentence

1. Business Secretary Sajid Javid:

   By changing the procurement rules on these major infrastructure projects we are backing the future of UK steel - opening up significant opportunities for UK suppliers and allowing them to compete more effectively with international companies.

2. Kerry Adler:

   We do plan to announce in the days ahead the award of the (engineering, procurement, construction) contracts for 7 projects in India and are excited to commence construction of these projects we successfully won in the fall of this year.

3. Jackie Speier:

   The services are rushing to declare the F-35 ready for combat, ignoring clear readiness issues in order to show that the program is 'back on track,' but just saying something doesn't make it so. The jets currently can't perform many missions in the real world because of mistakes made throughout the development and procurement process.

4. Peggy Serame:

   The amount is required for the procurement of medical supplies, mainly vaccines and associated medical items such as syringes, needles and surgical masks.

5. Michael Dolan:

   Agree to disagree on government procurement, geographic indications ? Not on the menu.

Popularity rank by frequency of use

References

1. ^ Princeton's WordNet
   http://wordnetweb.princeton.edu/perl/webwn?s=Procurement
2. ^ Wiktionary
   https://en.wiktionary.org/wiki/Procurement
3. ^ Samuel Johnson's Dictionary
   https://johnsonsdictionaryonline.com/views/search.php?term=Procurement
4. ^ Wikipedia
   https://en.wikipedia.org/wiki/Procurement
5. ^ ChatGPT
   https://chat.openai.com
6. ^ Webster Dictionary
   https://www.merriam-webster.com/dictionary/Procurement
7. ^ Wikidata
   https://www.wikidata.org/w/index.php?search=Procurement