procurement(redirected from Procurement criteria)
Also found in: Dictionary, Thesaurus, Medical, Encyclopedia.
The act of buying, especially for business purposes. This term is often used in the energy industries; for example, one may procure oil in order to refine it.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
procurementsee PURCHASING, BUYING PROCESS.
Collins Dictionary of Business, 3rd ed. © 2002, 2005 C Pass, B Lowes, A Pendleton, L Chadwick, D O’Reilly and M Afferson