What does Procurement mean?
Definitions for Procurement
pro·cure·ment
This dictionary definitions page includes all the possible meanings, example usage and translations of the word Procurement.
Princeton's WordNet
procurement, procurance, procuralnoun
the act of getting possession of something
"he was responsible for the procurement of materials and supplies"
Wiktionary
procurementnoun
The purchasing department of a company.
procurementnoun
The act of procuring or obtaining; obtainment; attainment.
procurementnoun
Efficient contrivance; management; agency.
They think it done by her procurement. -Dryden.
Samuel Johnson's Dictionary
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.
Wikipedia
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.
ChatGPT
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 Dictionary
Procurementnoun
the act of procuring or obtaining; obtainment; attainment
Procurementnoun
efficient contrivance; management; agency
Wikidata
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 Contribution
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
Numerology
Chaldean Numerology
The numerical value of Procurement in Chaldean Numerology is: 6
Pythagorean Numerology
The numerical value of Procurement in Pythagorean Numerology is: 4
Examples of Procurement in a Sentence
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.
Forty-two states plus Washington D.C. are home to American companies that were awarded UN contracts in 2017, this new data confirms that the U.N. is not only in America’s foreign policy and national security interests, American corporations also benefit more than any other country in the world from procurement contracts with the U.N.
I stand by our procurement.
This $93 million procurement demonstrates what happens when people in the government don’t follow the rules.
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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References
Translations for Procurement
From our Multilingual Translation Dictionary
- الشراءArabic
- fremskaffelse, indkøb, indkøbsafdelingDanish
- Einkauf, BeschaffungGerman
- προμήθειαGreek
- obtenciónSpanish
- تدارکاتPersian
- osto-osasto, hankinta, ostaminen, hankintaosastoFinnish
- obtention, achats, approvisionnementFrench
- खरीदHindi
- beszerzésHungarian
- pengadaanIndonesian
- procurementItalian
- lenociniumLatin
- inkoopafdeling, inkoopDutch
- anskaffelseNorwegian
- zaopatrzeniePolish
- obtenção, compras, suprimentosPortuguese
- отдел закупа, добывание, закупкаRussian
- anskaffningSwedish
- கொள்முதல்Tamil
- tedarikTurkish
- 採購Chinese
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"Procurement." Definitions.net. STANDS4 LLC, 2024. Web. 26 Apr. 2024. <https://www.definitions.net/definition/Procurement>.
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