procurement
Americannoun
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the act of procuring, or obtaining or getting by effort, care, or the use of special means.
The organ procurement procedure is very complicated.
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the act of obtaining equipment, materials, or supplies.
The secretary of defense argued in favor of increasing the budget for procurement.
Usage
What does procurement 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.
Other Word Forms
- nonprocurement noun
- self-procurement noun
Etymology
Origin of procurement
First recorded in 1300–50; procure ( def. ) + -ment ( def. )
Example Sentences
Examples are provided to illustrate real-world usage of words in context. Any opinions expressed do not reflect the views of Dictionary.com.
Since national defense cannot tolerate downtime, readiness spending tends to persist even when procurement ebbs.
From MarketWatch
“It sounds like boring contract boilerplate, but it is really about procurement leverage.”
From MarketWatch
In September, Rama suddenly "promoted" the chatbot to be minister of public procurement -- a move that he promised would make public tenders "100 percent corruption-free".
From Barron's
This is miraculous in the world of military procurement.
Moves to address these "deficiencies" were underway, including the German-led European Sky Shield Initiative, "which aims to close air-defence gaps with off-the-shelf procurement of systems".
From Barron's
Definitions and idiom definitions from Dictionary.com Unabridged, based on the Random House Unabridged Dictionary, © Random House, Inc. 2023
Idioms from The American Heritage® Idioms Dictionary copyright © 2002, 2001, 1995 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company.
