procurement (Meaning)

Wordnet

procurement (n)

the act of getting possession of something

Procurement of office supplies is handled by the administrative department.
The procurement process involves identifying needs, sourcing suppliers, and negotiating contracts.
Effective procurement strategies can result in cost savings for the organization.
The procurement manager is responsible for overseeing purchasing activities.
The government issued a tender for the procurement of new military equipment.
Transparency is essential in procurement to ensure fairness and prevent corruption.
Our company follows strict procurement guidelines to maintain integrity in our purchasing practices.
The procurement of specialized machinery requires careful consideration of technical specifications.
Streamlining procurement procedures can lead to faster delivery of goods and services.
The procurement department collaborates closely with other departments to meet organizational needs efficiently.

the act of getting possession of something

acquisition, accession, ownership, confiscation, retention,possession, claiming, obtainment, control, dominion

dispossession, surrendering, relinquishment,relinquishment, surrendering, dispossession, transferal,transferal, nonpossession,nonpossession

Procurement of office supplies is handled by the administrative department.

The procurement process involves identifying needs, sourcing suppliers, and negotiating contracts.

Effective procurement strategies can result in cost savings for the organization.

The procurement manager is responsible for overseeing purchasing activities.