procurement
prəˈkjʊrmənt
Definition Synonyms

Definition of procurement - Reverso English Dictionary

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Noun

1.
businessthe department responsible for purchasing goods
  • The procurement handled all the office supplies.
acquisition purchasing
2.
obtainingthe act of obtaining goods or services
  • Procurement of raw materials is crucial for production.
acquisition purchase
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Expressions with procurement

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formal agreement where an organization buys goods or services from a supplier
The company signed a procurement contract for new office computers.
person in charge of buying goods or services for an organization
The procurement officer reviewed three bids before awarding the contract.
organized buying of weapons equipment and services for armed forces use
The report criticized defence procurement for delays and rising project costs.
individual overseeing purchasing activities
As a procurement manager, she ensures all purchases meet company standards.
process where government bodies buy goods, services or construction from outside suppliers
The new law aims to make public procurement more transparent and competitive.
organized buying of goods or services from suppliers in many countries
The company used global procurement to cut manufacturing costs.

Origin of procurement

Latin, procurare (to take care of)

Terms with procurement included in their meaning

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procurement
involved in acquiring goods or services
procurement method
formal bidding process where several suppliers compete for a contract
procurement
involving several bidders openly competing for a contract or project
procurement
finding and obtaining goods or services
information
involving the procurement of information or data
procurement
bidding process where any interested supplier may submit an offer
procurement
organization with power to award and manage contracts, especially in public procurement
procurement
formal invitation for suppliers to submit bids

Examples of procurement in a sentence

  • The procurement was delayed due to budget cuts.
  • The company's procurement department is expanding.
  • Efficient procurement can reduce costs significantly.

View all translations of procurement

Click below to see the appropriate translations facing each meaning.
  1. French:approvisionnement, acquisition, ...
  2. German:Einkauf, ...
  3. Italian:approvvigionamento, acquisizione, ...
  4. Spanish:adquisiciones, adquisición, ...
  5. Portuguese:aquisições, aquisição, ...
  6. Chinese:采购部门, 采购, ...
  7. Japanese:調達部門, 調達, ...
  8. Arabic:قِسْم المُشتَرَيات, تَوْريد, ...
  9. Hebrew:מַחְלֶקֶת רֶכֶשׁ, רֶכֶשׁ, ...
  10. Russian:отдел закупок, закупка, ...
  11. Ukrainian:закупівельний відділ, закупівля, ...
  12. Hindi:खरीद विभाग, खरीद, ...
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