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The act of obtaining or buying goods and services. The process includes preparation and processing of a demand as well as the end receipt and approval of payment.

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Q: What is the definition of the word procurement?
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Related questions

Where can one find the procurement definition in French?

You can use some free online dictionaries. There you can find the usage of the word procurement. Please look at askdefine too, because there are a lot of definitions.


Is the use of the word procurement in this sentence correct Please fill up the forms for procurement of PHIC Number?

The word 'procurement' is used typically for 'goods and services' only.Example: Shipping documents are required for procurement of the shipment from the dock.Your use thus is incorrect.


How do you write a sentence with the word procurement?

Military procurement is an essential part of the nation's annual budget .


What is the abbreviation for the word procurement?

no abbreviations as of yet. no abbreviations as of yet.


How would you use the word procurement in a sentence regarding accounting?

The procurement of equipment-tracking devices will reduce the capital outlay for replacement devices. The company may require the procurement of venture capital for its expansion.


Is there a word for the process of selecting office equipment?

Buying or procuring equipment - If you are responsible for determining what equipment or supplies to purchase (obtain or procure), you are responsible for equipment procurement or supply procurement. That also applies to financial procurement!


What are forms of procurement?

international procurement and national procurement


What does the word procurement mean in dealing with ancient civilization?

Look online


Traditional procurement and e-Procurement?

Challenges traditional procurement


What appropriations are funded for 3 years?

procurement


How can you compare project procurement strategy with corporate procurement strategy?

Compare and contrast the two basic procurement strategies of corporate procurement and project procurement


What is a Procurement departments?

A procurement department is a kind of a department which handles all the activities related to procurement, like procurement services, procurement strategy, supply chain management etc.