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procurement
[ proh-kyoor-muhnt, pruh‑ ]
noun
- the act of procuring, or obtaining or getting by effort, care, or the use of special means:
The organ procurement procedure is very complicated.
- the act of obtaining equipment, materials, or supplies:
The secretary of defense argued in favor of increasing the budget for procurement.
Other Word Forms
- ԴDzp·ܰmԳ noun
- -·ܰmԳ noun
Word History and Origins
Origin of procurement1
Example Sentences
I'm working at the moment on problems of infrastructure planning and procurement, and I think the key to the whole problem of sclerosis is not "too much regulation."
“In March, China bought more soybeans from Brazil in one month than ever in their history. Favorable exchange rates and no tariff barriers led to that procurement behavior,” he said.
They claimed that the opaque procurement procedures the government used for infrastructure projects had enriched a few favoured contractors while putting public safety at risk.
A point of contention with the Cheviot Hills cameras is that the neighborhood’s donation to the foundation bypasses the city’s regular procurement policy, which requires a bid process and vetting of vendors.
But the chancellor is reported to be reviewing Whitehall procurement rules to give an advantage to British firms bidding for government contracts.
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Related Words
More About Procurement
doesprocurement mean?
Procurement most commonly refers to the formal, official process of purchasing and obtaining materials, supplies, or equipment, especially in the context of business or government.
Many large companies and government agencies have a procurement department that handles the ordering and acquisition of supplies. Such a department is often simply referred to as procurement, as in You’ll have to ask procurement to order those materials.
Procurement is the noun form of the verb procure. In general, procurement means the act of getting something, especially through special means or extra effort, as in The procurement of transplant organs is a complex process.
Example: If someone says they work in procurement, it means they spend a lot of time navigating the supply chain to get what their company needs.
Where doesprocurement come from?
The first records of procurement come from the 1300s. The verb procure is recorded earlier and comes from the Latin ōū, meaning “to take care of” or “to look after.” This is formed from the Latin verb ū, “to care for.” The English verb curate is based on a related root.
Procurement can simply refer to the act of acquiring something, as in The procurement of this replacement part for the refrigerator was no easy task. But it’s often used to refer to a formal, official process used by companies and other organizations to get the supplies they need. People who work in this field are said to work in procurement, and such a department is often referred to as simply procurement, as in Jim in procurement said that order will take at least two weeks.
Governments often have special departments and laws for procurement, usually with very strict procedures for how purchases can be made and things can be acquired. These rules are intended to ensure that the process doesn’t become corrupted by bribes, kickbacks, and favoritism.
Did you know ... ?
are some other forms related to procurement?
- nonprocurement (noun)
- self-procurement (noun)
are some synonyms for procurement?
are some words that share a root or word element with procurement?
are some words that often get used in discussing procurement?
How isprocurement used in real life?
Procurement can be used generally, but it’s most commonly used in the context of a specific business or government agency.
Discover key findings from our survey of over 4,000 people working in procurement. Request the guide today
— Hays UK (@HaysNews)
Paula Davies works in procurement and is winning the Award for her relentless focus on reducing costs whilst maintaining quality
— SaTH (@sathNHS)
Everyday 12 people die waiting for a kidney transplant. Improving organ procurement and increasing living donation saves lives. Join the fight. Become a member of the National Kidney Foundation
— Holly Kramer, MD, MPH (@kramer_holly)
Try usingprocurement!
Which of the following tasks would be a responsibility of someone who works in procurement?
A. purchasing
B. ordering
C. requesting quotes
D. all of the above
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