🛒procurement

Meaning

the process of obtaining goods or services, often for business or government

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

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

Example Sentences

The company focuses on the efficient procurement of raw materials.

The procurement of modern equipment has improved research accuracy.

The government ensured the procurement of medical supplies during the crisis.

Synonyms

acquisition, purchasing, sourcing, obtaining, purchase, securing

Entry 1

acquisition, purchasing, sourcing, obtaining

Entry 2

acquisition, purchase, obtaining, securing, sourcing

Entry 3

acquisition, sourcing, purchasing

Antonyms

loss, disposal, sale, relinquishment, abandonment, selling, forfeiture

Entry 1

loss, disposal

Entry 2

sale, disposal, relinquishment, abandonment, loss

Entry 3

selling, disposal, forfeiture

Collocations

procurement process, procurement department, public procurement