Procurement: meaning, definitions and examples
๐ผ
procurement
[ prษหkjสษmษnt ]
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.
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:
๐ต๐น aquisiรงรฃo
๐ฎ๐ณ เคเฅเคฐเคฏ
๐ฉ๐ช Beschaffung
๐ฎ๐ฉ pengadaan
๐บ๐ฆ ะทะฐะบัะฟัะฒะปั
๐ต๐ฑ zakup
๐ฏ๐ต ่ชฟ้ (choutatsu)
๐ซ๐ท approvisionnement
๐ช๐ธ adquisiciรณn
๐น๐ท tedarik
๐ฐ๐ท ์กฐ๋ฌ (jodal)
๐ธ๐ฆ ุดุฑุงุก
๐จ๐ฟ nรกkup
๐ธ๐ฐ nรกkup
๐จ๐ณ ้่ดญ (cวigรฒu)
๐ธ๐ฎ nabava
๐ฎ๐ธ innkaup
๐ฐ๐ฟ ัะฐััะฟ ะฐะปั
๐ฌ๐ช แจแแกแงแแแแ (shesqidva)
๐ฆ๐ฟ alฤฑnma
๐ฒ๐ฝ 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.
- ...
- 5515 disappear
- 5516 redemption
- 5517 requisite
- 5518 procurement
- 5519 conformity
- 5520 descriptive
- 5521 derivatives
- ...