Search results
- Dictionaryprocurement/prəˈkjʊəm(ə)nt/
noun
- 1. the action of obtaining or procuring something: "financial assistance for the procurement of legal advice"
Powered by Oxford Dictionaries
Oct 8, 2024 · Procurement is the process of buying or otherwise obtaining goods or services, typically for business or government purposes and usually on a relatively large scale. Often...
Oct 7, 2024 · At its core, procurement involves the strategic selection and purchasing of materials, but it’s much more than simply buying goods. It’s about finding the right suppliers, negotiating contracts, and managing relationships to ensure value, quality, and reliability.
Oct 24, 2024 · The meaning of PROCUREMENT is the act or process of procuring; especially : the obtaining of military supplies by a government.
Procurement refers to how companies obtain the goods and services they need for business operations. Effective procurement is crucial for organizations to ensure that they have the right resources to operate efficiently and meet their objectives. Procurement involves a series of steps including:
What is procurement in simple terms? Procurement is the process of acquiring the goods and services a company needs to operate, such as raw materials, equipment and business services.
Procurement is the process of locating 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. [1] The term may also refer to a contractual obligation to "procure", i.e. to "ensure" that something is done.
(Definition of procurement from the Cambridge Advanced Learner's Dictionary & Thesaurus © Cambridge University Press)
Oct 27, 2024 · Procurement Definition. Procurement is defined as the buying of goods and services that enable an organisation to operate its supply chains, in a profitable and ethical manner.
Oct 22, 2024 · Procurement is the essential process of acquiring goods and services that a company or organization needs to function effectively. Every business requires various products, such as office supplies, and services, like copy machine maintenance, to support its operations.
What is the pronunciation of procurement? 採購… 采购… obtención, adquisición… obtenção… Need a translator? Get a quick, free translation! PROCUREMENT meaning: 1. the process of getting supplies: 2. the process of getting supplies: 3. the process by which…. Learn more.
