Oct 2, 2025 · Procurement is the obtaining or purchasing of goods or services, typically for business purposes and often on a large scale.

The meaning of PROCUREMENT is the act or process of procuring; especially : the obtaining of military supplies by a government.

PROCUREMENT definition: the act of procuring, or obtaining or getting by effort, care, or the use of special means. See examples of procurement used in a sentence.

May 15, 2025 · Procurement is the backbone of any organization, ensuring that businesses have the goods and services they need to operate smoothly and competitively. At its core, procurement …

The term procurement is used to reflect the entire purchasing process or cycle, and not just the tactical components. Procurement software (often labeled as e-procurement software) manages purchasing …

What is the definition of procurement? The definition of procurement refers to the process of finding, agreeing to terms, and acquiring goods, services, or works through tendering or competitive bidding.

In business, procurement refers to how companies acquire the goods and services they need from external sources to operate efficiently.

PROCUREMENT meaning: 1. the process of getting supplies: 2. the process of getting supplies: 3. the process by which…. Learn more.

Definition of procurement noun in Oxford Advanced Learner's Dictionary. Meaning, pronunciation, picture, example sentences, grammar, usage notes, synonyms and more.

Nov 24, 2025 · Procurement is the essential process of acquiring goods and services that a company or organization needs to function effectively. Every business requires various products, such as office …