Procurement is the act of obtaining something such as supplies for an army or other organization.
[formal]
Russia was cutting procurement of new weapons 'by about 80 per cent', he said. [+ of]
procurement in British English
(prəˈkjʊəmənt)
noun
1.
the act or an instance of procuring
2. business
a.
the act of buying
b.
(as modifier)
procurement cost
procurement budget
procurement in Retail
(prəkyʊərmənt)
noun
(Retail: Distribution)
Procurement is the act or process of buying, including any negotiations that this involves on price and availability.
The procurement process covers the subareas: contracting, purchasing, goods receipt, invoice verification,and creditor accounting.
The global retail sector's competitive environment requires today's retail procurement and supply chain professionals to improve efficiencies and reduce costs throughouttheir supply chain.
Procurement is the act or process of buying, including any negotiations that this involves onprice and availability.
Examples of 'procurement' in a sentence
procurement
The Met has filed a public sector procurement notice detailing its plans.
Times, Sunday Times (2016)
This is in part due to the efficient procurement of resources by many schools as well as a drop in prices of individual units.
Computing (2010)
In 2007, the government launched a procurement for card account services.
Computing (2010)
The main problem in defence procurement was a cultural one.
Times, Sunday Times (2012)
This includes things such as affordable ticketing and fair trade procurement processes.
Times, Sunday Times (2006)
We need to look for more than one supplier and broaden the procurement policy.
Times, Sunday Times (2013)
The same was true of the important objective of improving public sector procurement.
Times, Sunday Times (2010)
This may be the first step before a significant reduction in spending on big procurement programmes.
Times, Sunday Times (2009)
How will defence equipment procurement fare this time?
Times, Sunday Times (2010)
It also proposed a new and transparent procurement process to help rivals to enter the industry.
Times, Sunday Times (2016)
The alternative is that procurement policy will continue to be tested literally under fire.
Times, Sunday Times (2010)
The way the centralised procurement for the programme was undertaken also begs a significant question.
Times, Sunday Times (2011)
Any donations have no bearing on procurement process.
Times, Sunday Times (2006)
He cancelled expensive procurement programmes for fighter planes and aircraft carriers.
Times, Sunday Times (2015)
The use of the government procurement card has resulted in reduced administration costs and quicker payments to suppliers.
Times, Sunday Times (2011)
It carries out more testing and evaluation of defence products and works with governmentson the procurement process.
Times, Sunday Times (2015)
He also asked ministers to review the effectiveness of recommendations on public sector procurement made by the entrepreneur.
Times, Sunday Times (2016)
It is also likely to look at that the role government procurement can play in helping to boost manufacturing.
Times, Sunday Times (2008)
This is seen as a key change in defence procurement and is likely to set the standard in future.
Times, Sunday Times (2007)
It beggars belief that they are calling for spending cuts when many businesses stand to suffer from cuts in public procurement.
Times, Sunday Times (2010)
This amount is in addition to the 243 billion annual public procurement budget.
Times, Sunday Times (2011)
Another 20 million has been cut from procurement costs.
Times, Sunday Times (2010)
It is also expected to find a further 3 billion savings in government procurement.
Times, Sunday Times (2006)
He is also expected to pledge to cut the number of suppliers used by the company, and to tighten its procurement budget.
Times, Sunday Times (2007)
Public sector procurement policy, or the lack of one, was an important factor.
Times, Sunday Times (2014)
It has successfully kept the lid on costs through centralised procurement, which accounts for 90 per cent of its supplies.
Times, Sunday Times (2016)
He added: 'The procurement budget is shot to pieces and there is simply no money in it to buy the ships that the navy needs.
Times, Sunday Times (2008)
In other languages
procurement
British English: procurement NOUN
Procurement is the act of obtaining something such as supplies for an army or other organization.
The country would cut procurement of new weapons by 80 per cent.