Procurement: meaning, definitions and examples

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procurement

 

[ prษ™หˆkjสŠษ™mษ™nt ]

Noun
Context #1 | Noun

business

The action of obtaining or procuring something, especially for business purposes.

Synonyms

acquisition, buying, purchasing

Examples of usage

  • The company's procurement of new equipment was essential for its growth.
  • The procurement process for the project took longer than expected.
Context #2 | Noun

government

The process of obtaining goods or services on behalf of a public authority.

Synonyms

acquisition, purchasing, sourcing

Examples of usage

  • The government's procurement policies aim to ensure transparency and fairness in the selection process.
  • The procurement of military equipment is subject to strict regulations.

Translations

Translations of the word "procurement" in other languages:

๐Ÿ‡ต๐Ÿ‡น aquisiรงรฃo

๐Ÿ‡ฎ๐Ÿ‡ณ เค•เฅเคฐเคฏ

๐Ÿ‡ฉ๐Ÿ‡ช Beschaffung

๐Ÿ‡ฎ๐Ÿ‡ฉ pengadaan

๐Ÿ‡บ๐Ÿ‡ฆ ะทะฐะบัƒะฟั–ะฒะปั

๐Ÿ‡ต๐Ÿ‡ฑ zakup

๐Ÿ‡ฏ๐Ÿ‡ต ่ชฟ้” (choutatsu)

๐Ÿ‡ซ๐Ÿ‡ท approvisionnement

๐Ÿ‡ช๐Ÿ‡ธ adquisiciรณn

๐Ÿ‡น๐Ÿ‡ท tedarik

๐Ÿ‡ฐ๐Ÿ‡ท ์กฐ๋‹ฌ (jodal)

๐Ÿ‡ธ๐Ÿ‡ฆ ุดุฑุงุก

๐Ÿ‡จ๐Ÿ‡ฟ nรกkup

๐Ÿ‡ธ๐Ÿ‡ฐ nรกkup

๐Ÿ‡จ๐Ÿ‡ณ ้‡‡่ดญ (cวŽigรฒu)

๐Ÿ‡ธ๐Ÿ‡ฎ nabava

๐Ÿ‡ฎ๐Ÿ‡ธ innkaup

๐Ÿ‡ฐ๐Ÿ‡ฟ ัะฐั‚ั‹ะฟ ะฐะปัƒ

๐Ÿ‡ฌ๐Ÿ‡ช แƒจแƒ”แƒกแƒงแƒ˜แƒ“แƒ•แƒ (shesqidva)

๐Ÿ‡ฆ๐Ÿ‡ฟ alฤฑnma

๐Ÿ‡ฒ๐Ÿ‡ฝ adquisiciรณn

Etymology

The word 'procurement' originated from the Latin word 'procurare', which means 'to take care of' or 'to manage'. Over time, the term evolved to refer to the process of obtaining goods or services. In the context of business and government, procurement plays a crucial role in managing resources efficiently and effectively.

See also: procuring.

Word Frequency Rank

At #5,518 in frequency, this word belongs to advanced vocabulary. It's less common than core vocabulary but important for sophisticated expression.