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procurement

procurement

34 6.5
The process of buying goods or services for businesses and governments
  • noun
  • /prəˈkjʊrəmənt/
  • Specialized
translation icon : adquisición
  • During the meeting, we discussed the procurement of new software to enhance our operations.
  • government procurement
  • public procurement
  • procurement process

DoD look, the procurement cycles are much longer.

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Examples

  • Unlike the U.S. states, however, directives regarding procurement govern the EU member nations.

    Academic text (2017)
  • Third-party aggregators organize multiple procurement units with similar requirements into one contract and then manage the contract.

    Academic text (2017)
  • "The good news is that the procurement package went through."

  • While in the Army, did you have any experience in procurement?

  • Prime Minister, we have, we have as a government been encouraging the procurement of British goods and services.

  • We're dealing direct with Defense Department procurement.

  • Congress called the Afghanistan contract a case study in all that is wrong with the government's procurement process.

  • Federal contractors face difficult business challenges with shrinking federal procurement budgets and increasing competition.

    Academic text (2017)
  • The former special prosecutor achieved national prominence while exposing vast corruption in the defense procurement process.

  • The company streamlined its procurement process to reduce costs and improve efficiency.

Synonyms

buying
vsprocurement
89 1.0

Paying money to get something

is a formal organized process rather than a simple personal act
purchasing
vsprocurement
4 2.3

Buying goods or services with money

is a broader official acquisition process used by businesses and government
procural
vsprocurement
  • Archaic
9.5

Getting something you need, often by buying or arranging it

is an organized process mainly used in business or government
procurance
vsprocurement
  • Archaic
9.9

Getting something, often by finding or buying it

is a formal procedure focused on supplies or services for organizations

Antonyms

54 3.0

The act of getting rid of something you do not want

How Formal

tender
  • UK
8 7.2
procurement
  • Specialized
34 6.5
acquisition
147 4.6
purchase
208 1.4
buying
89 1.0

Surface Forms

procurement singular
procurements plural

Morphology

procurement = procure (transparent) = procure + ment

A standard nominalization: 'procure' (to obtain) + '-ment' yields the process/result of obtaining, which is directly inferable.

Etymology

Procurement comes from the word procure, made from the Latin parts pro- ('for') and curare ('to take care'). So, think of it as 'taking care to get' something, which is why procurement means the careful process of getting goods or services.